• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Citadel Securities Plans to Enter Crypto Market with $65 Billion in Assets

user avatar

by Giorgi Kostiuk

a year ago

Citadel Securities, managing assets worth $65 billion, is showing interest in entering the cryptocurrency market.

Citadel Securities and the Crypto Market

The firm is considering becoming a market maker for some major cryptocurrency exchanges like Coinbase. It plans to start activities outside the US while observing regulatory developments in the country.

James Lavish's Opinion

Former hedge fund manager James Lavish highlighted the importance of this development, advising market participants not to be distracted by noise but to focus on its significance.

With over $60 billion of assets and one of the 10 largest hedge funds in the world, Citadel is now looking to make markets in Bitcoin and crypto. Do not let the noise drown out the signal. This is signal.

Ken Griffin's Shift in Crypto Perspective

Ken Griffin, CEO of Citadel, was previously skeptical of Bitcoin, likening it to 'tulip bulb mania' in 2017. However, in 2022, he admitted he was wrong about cryptocurrencies and acknowledged their significance.

Citadel Securities' entry into the cryptocurrency market could be a significant step in industry development, attracting attention from other major financial institutions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Dormant Bitcoin Whale Moves 2,043 BTC After Seven Years

chest

A dormant Bitcoin whale has moved 2,043 BTC after nearly seven years, indicating a potential shift in market dynamics.

user avatarSon Min-ho

Investigation into Crypto Scams Expands Amid Rising Fraud Cases

chest

Federal agencies are intensifying investigations into a surge of crypto-related scams, with significant financial losses reported due to phishing and social engineering tactics.

user avatarAyman Ben Youssef

Daren Li Sentenced to 20 Years for Crypto Romance Scam

chest

Daren Li was sentenced to 20 years in prison for his role in a large-scale crypto romance scam that defrauded victims of over $73 million.

user avatarTando Nkube

Hong Kong's Financial Regulator Signals Move Towards Perpetual Futures Contracts

chest

Hong Kong's financial regulator is considering the introduction of perpetual futures contracts for licensed crypto exchanges, marking a significant development in the region's digital asset framework.

user avatarKofi Adjeman

Russian Authorities Tighten Control Over Telegram

chest

Russian authorities are increasing their regulation of Telegram, citing breaches of local laws.

user avatarNguyen Van Long

Institutional Buying Signals Confidence in Bitcoin Market

chest

SkyBridge Capital, led by Anthony Scaramucci, is actively buying Bitcoin during its price dip, indicating long-term confidence in the cryptocurrency despite short-term volatility.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.