Crypto.com, one of the world’s largest cryptocurrency trading platforms, was recently valued at $20 billion after a $400 million investment from Citadel Securities. That marked the company’s first-ever investment from an institutional investor since its founding ten years ago.

Citadel’s investment in Crypto.com is interesting, since it comes at a time when fears of interest rate hikes are chilling the cryptocurrency market. That’s why Coinbase‘s (COIN +1.96%) stock has declined nearly 60% over the past 12 months. Let’s see what Citadel’s big investment in Crypto.com tells us about the broader crypto market.

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What sets Crypto.com apart from other crypto exchanges?

Crypto.com is based in Singapore, but it has…