Citadel Securities aims to play the role of a market maker for cryptocurrency exchanges

Citadel Securities is said to be looking to provide liquidity to the cryptocurrency market after years of waiting for the regulatory landscape for cryptocurrencies in the United States to improve.

The market-making giant Citadel Securities is reportedly seeking to become a liquidity provider for major cryptocurrency exchanges, changing its previous cautious stance on retail cryptocurrency trading.

The company is considering some of the largest cryptocurrency exchanges in the industry, such as Binance, Coinbase, and Crypto.com, Bloomberg reported on February 22, citing sources familiar with the matter. Citadel initially planned to set up market-making teams outside the United States.

This event comes as U.S. companies anticipate the market will explode under the Trump administration.

However, the extent to which Citadel becomes an active market maker will depend on how the regulatory environment shapes up in the United States in the coming months.

If there is legal clarity, Citadel Securities will be ready to provide liquidity and trade cryptocurrencies as they do with any other type of asset, sources said.

Citadel Securities has previously shied away from the cryptocurrency trading space due to the lack of regulations surrounding the field in the United States. The company's reported plans became public following U.S. President Donald Trump's pledge to turn his country into the "cryptocurrency capital" of the world. #Citadel