• 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

Trump's Economic Policy Remarks and Geopolitical Tensions

chest

Trump discusses economic policies, military operations against Iran, and criticizes NATO.

user avatarLuis Flores

Federal Reserve's Money Printing Sparks Concerns Over Dollar's Future

chest

The Federal Reserve's return to money printing raises concerns about the future of the US dollar as a global reserve currency.

user avatarMaria Gutierrez

Bored Ape Yacht Club Faces Criticism After Otherside Metaverse Launch

chest

The Bored Ape Yacht Club launched its metaverse project, Otherside, facing significant technical issues during the NFT collection release.

user avatarArif Mukhtar

Crypto Industry Divided Over Bitcoin's Exclusion from PARITY Act

chest

The exclusion of Bitcoin from the Digital Asset PARITY Act's tax exemption has sparked significant debate within the crypto industry, highlighting divisions between supporters and advocates.

user avatarDavid Robinson

PARITY Act and Lummis Bill Present Divergent Paths for Crypto Taxation

chest

The PARITY Act and the competing Lummis bill differ significantly in their approach to crypto tax exemptions.

user avatarAndrew Smith

Automated Execution Systems Gain Traction in Futures Markets

chest

The shift from manual operations to automated execution is accelerating in the futures markets, driven by the advantages of futures contracts.

user avatarZainab Kamara

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.