In brief
- Citadel Securities, the market-making giant founded by billionaire Ken Griffin, has invested $400 million in Crypto.com, valuing the exchange at $20 billion.
- The exchange said the capital will fund expansion into tokenized securities and derivatives.
- The deal is the latest indicator of Wall Street’s move into crypto, following Citadel’s stake in Kraken and investments by ICE, Nasdaq and others.
Citadel Securities has invested $400 million in Crypto.com at a $20 billion valuation, marking the crypto exchange’s first-ever institutional funding round and the latest sign of Wall Street’s deepening embrace of digital assets.
Announced Thursday, the deal hands the market maker founded by billionaire Ken Griffin a stake in the…
