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Ken Griffin’s Citadel Securities Wants to Be a Crypto Liquidity Provider
Ken Griffin’s Citadel Securities plans to become a liquidity provider—meaning it’ll start trading cryptocurrencies on major exchanges like Coinbase and Binance, according to a Bloomberg report.
Citadel stayed away from crypto for years because the regulations sucked, but now that President Donald Trump is making America the “crypto capital of the planet,” they think it’s safe to jump in.
Citadel plans to kick things off by setting up crypto market-making teams overseas first. Why outside the US? Because regulations at home still aren’t clear enough, even with Trump pushing a pro-crypto agenda.
FTX’s crash showed everyone how dangerous mixing market-making, custody, and trading could be—so Citadel, Schwab, and Fidelity built their own crypto exchange, EDX Markets, which opened last year, but of course, only institutional traders could get in.
But now that Trump’s administration has already issued an executive order telling regulators to clean up the crypto mess left by Biden’s people and create a national digital asset stockpile, things are finally looking up.
#interestingfacts
Ken Griffin’s Citadel Securities plans to become a liquidity provider—meaning it’ll start trading cryptocurrencies on major exchanges like Coinbase and Binance, according to a Bloomberg report.
Citadel stayed away from crypto for years because the regulations sucked, but now that President Donald Trump is making America the “crypto capital of the planet,” they think it’s safe to jump in.
Citadel plans to kick things off by setting up crypto market-making teams overseas first. Why outside the US? Because regulations at home still aren’t clear enough, even with Trump pushing a pro-crypto agenda.
FTX’s crash showed everyone how dangerous mixing market-making, custody, and trading could be—so Citadel, Schwab, and Fidelity built their own crypto exchange, EDX Markets, which opened last year, but of course, only institutional traders could get in.
But now that Trump’s administration has already issued an executive order telling regulators to clean up the crypto mess left by Biden’s people and create a national digital asset stockpile, things are finally looking up.
#interestingfacts
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#CryptoMarketWatch Interesting fact about Polygon (MATIC):
Polygon was originally called Matic Network and operated solely as a Layer 2 solution for scaling Ethereum. However, in 2021, the team underwent a complete rebranding, changing the name to Polygon to reflect the project's expanded capabilities. Now it not only supports Ethereum but also develops a whole ecosystem of blockchain solutions, including its own independent networks and technologies for scaling Web3.
However, despite the rebranding, the token retained its old name — MATIC, which sometimes confuses newcomers!
#interestingfacts
$POL
Polygon was originally called Matic Network and operated solely as a Layer 2 solution for scaling Ethereum. However, in 2021, the team underwent a complete rebranding, changing the name to Polygon to reflect the project's expanded capabilities. Now it not only supports Ethereum but also develops a whole ecosystem of blockchain solutions, including its own independent networks and technologies for scaling Web3.
However, despite the rebranding, the token retained its old name — MATIC, which sometimes confuses newcomers!
#interestingfacts
$POL
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Interesting fact about Bitcoin ($BTC ):
Bitcoin is the only currency that has been to space!
In 2016, Genesis Mining conducted an experiment: they attached a Ledger device with private BTC keys to a weather balloon and sent it to the stratosphere.
At an altitude of 34 km above the Earth, the balloon successfully executed a Bitcoin transaction!
This proves that Bitcoin knows no borders and can be used even in outer space.
$BTC
#interestingfacts
Bitcoin is the only currency that has been to space!
In 2016, Genesis Mining conducted an experiment: they attached a Ledger device with private BTC keys to a weather balloon and sent it to the stratosphere.
At an altitude of 34 km above the Earth, the balloon successfully executed a Bitcoin transaction!
This proves that Bitcoin knows no borders and can be used even in outer space.
$BTC
#interestingfacts
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