Citadel Securities wants to make markets for crypto exchanges – report – Ledger Insights
Citadel Securities‘ main claim to fame in cryptocurrency trading has been as the co-founder of EDX Markets, an institutional crypto trading venue that until recently only supported Bitcoin, Ether and Litecoin. Yesterday Bloomberg reported that Citadel Securities wants to become a market maker for retail crypto exchanges such as Coinbase, Binance and Crypto.com. The report was from unnamed sources.
Initially market making teams would be outside the United States, which might change depending on how regulations evolve in the U.S.
While it may have steered clear of market making for retail exchanges, we believe Citadel may already have some offshore activities. In 2022 it sued a former employee involved in its crypto…
