• 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

Hyperliquid Overtakes Solana in Market Valuation

chest

Hyperliquid has recently surpassed Solana in fully diluted valuation, highlighting the rise of revenue-generating chains in the cryptocurrency market.

user avatarTomas Novak

Qivalis Consortium Secures Support for Europe-Pegged Stablecoin Initiative

chest

The Qivalis consortium has secured support from 37 European banks for a Europe-pegged stablecoin initiative to enhance the competitiveness of Europe's digital assets market.

user avatarKaterina Papadopoulou

European Commission Initiates Consultation on Crypto Regulation

chest

The European Commission has launched a consultation to review the EU's regulatory framework on crypto assets, known as the Markets in CryptoAssets Regulation (MiCA), to gather feedback from stakeholders and the public.

user avatarMaya Lundqvist

Bankless Explores the Strategic Partnership Between Coinbase, Circle, and Hyperliquid

chest

Bankless analyzes the strategic partnership between Coinbase, Circle, and Hyperliquid, highlighting its potential to enhance USDC's market share and user experience against USDT.

user avatarLeo van der Veen

HYPE Approaches All-Time Highs Amid Strong Market Support

chest

HYPE is trading near $49.50, approaching critical resistance levels with strong buyer support and increased trading volume, indicating potential for significant price discovery.

user avatarLi Weicheng

Bsquared Technology's License Revoked by Singapore's Central Bank

chest

The Monetary Authority of Singapore has revoked the Major Payment Institution License of Bsquared Technology Pte Ltd due to significant regulatory violations, including gaps in risk management and misleading information.

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.