Citadel Securities, one of the largest financial market-making firms in the U.S., is planning to enter the cryptocurrency market. This is a bold move as the company has previously been quite cautious about crypto.
Will Citadel Securities Become a "Market Maker" in Crypto?
According to Bloomberg, #CitadelSecurities is looking to provide liquidity for exchanges like Coinbase, Binance, and Crypto.com – similar to how they operate with traditional stocks and bonds. However, due to unclear crypto policies in the U.S., the company plans to start operations outside the U.S. first, then consider expanding into the domestic market.
From Skepticism to Acceptance – Ken Griffin Changes Strategy
Billionaire Ken Griffin, founder of Citadel Securities, was once one of the strongest critics of Bitcoin. He compared $BTC to the tulip bubble and questioned its practical applications.
But everything changed when Donald Trump returned to the White House and Bitcoin surpassed $100,000. Griffin admitted he was wrong and called for the government to establish a clear legal framework for crypto to develop sustainably.
Trump Opens the Way for Crypto – Citadel Securities Cannot Stay on the Sidelines
As soon as he took office, $TRUMP signed the first executive order on crypto, while appointing officials friendly to this market to the SEC and #CFTC . These moves are paving the way for large financial institutions like Citadel Securities to officially join the game.
Although still skeptical about crypto, Griffin understands that this market has grown too large to ignore. If Citadel Securities wants to maintain its position on Wall Street, it cannot stay on the sidelines forever. 🚀
