Citadel Securities has invested $400 million in Crypto.com, valuing the digital asset platform at $20 billion in its first institutional funding round.
Summary
- Citadel Securities invests $400 million in Crypto.com, valuing the crypto exchange at $20 billion globally.
- The deal marks Crypto.com’s first institutional funding round in its decade-long operating history to date.
- Crypto.com plans to use funding to expand tokenized securities, derivatives, and other financial asset classes.
The deal brings together a leading U.S. market maker and one of the world’s best-known crypto exchanges. Crypto.com announced the investment on July 16.
The company said it…
