Citadel Securities Plans Crypto Push After Trump’s Support
Ken Griffin’s Citadel Securities is preparing to enter the cryptocurrency market as a liquidity provider, expecting that Donald Trump’s pro-crypto stance will drive industry growth.
Previously, Citadel Securities remained cautious about crypto, avoiding major exchanges used by retail investors due to regulatory uncertainty.
Citadel Securities, led by CEO Peng Zhao, has grown from a small team into a global trading giant. It serves as a market maker in stocks, options, corporate bonds, Treasuries, and ETFs, competing with top investment banks.
However, the firm plans to become a market maker on platforms like Coinbase, Binance, and Crypto.com. Initially, it will set up market-making teams outside the U.S., depending on how…
