• 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

Aave DAO Proposes 25,000 ETH for Recovery Efforts

chest

Aave DAO proposes to deploy 25,000 ETH from its treasury to support recovery efforts following the Kelp DAO exploit.

user avatarEmily Carter

Bitcoin Experiences Decline Amidst Significant Capital Rotation

chest

Bitcoin has seen a 0.9% decline over the past 24 hours, with notable capital movements among different wallet cohorts.

user avatarTomas Novak

Coinbase Introduces Infrastructure for AI Agents

chest

Coinbase has launched infrastructure allowing AI agents to conduct transactions autonomously.

user avatarLeo van der Veen

Palantir CEO Envisions Bitcoin Integration with AI

chest

Palantir's CEO shares a vision for Bitcoin's integration with AI, highlighting new use cases.

user avatarMaya Lundqvist

AI Agents Predicted to Drive Bitcoin Adoption

chest

Palantir cofounder Joe Lonsdale predicts that AI agents will significantly influence Bitcoin's future, currently driving 19% of on-chain activity and playing a crucial role in its adoption.

user avatarKaterina Papadopoulou

South Africa Proposes New Crypto Regulations

chest

South Africa has released new draft regulatory proposals that could significantly change how residents interact with certain wealth holdings, including cryptocurrencies.

user avatarAisha Farooq

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.