Citadel eyes crypto market making expansion amid regulatory shifts
Citadel Securities is reportedly planning to expand into crypto market making, with the aim of providing liquidity on major crypto exchanges, Bloomberg News reported on Feb. 24.
People familiar with the matter told the news outlet that the firm is preparing to establish a presence in crypto markets by joining market makers on platforms operated by Coinbase, Binance, and Crypto.com.
The sources also indicated that Citadel’s crypto expansion will initially focus on non-US markets, contingent on exchange approval.
The firm has yet to confirm the scope of its market-making ambitions, and the extent of its involvement will likely depend on regulatory developments in the coming months.
Regulatory landscape and market impact
Unlike some of its…
