• 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

CertiK Keeps IPO Plans Open as Valuation Hits $2B

chest

Blockchain security company CertiK is considering a future IPO as its valuation reaches $2 billion.

user avatarMohamed Farouk

UBS Explores Crypto Trading for Wealthy Clients

chest

UBS is reportedly considering opening crypto trading for its private banking clients, allowing select clients in Switzerland to trade Bitcoin and Ether.

user avatarElias Mukuru

Upcoming Token Unlocks Across Multiple Altcoins

chest

A significant number of token unlocks are scheduled for various altcoins in the coming week, potentially leading to market volatility.

user avatarDiego Alvarez

Sui Network Upgrades Expected to Boost On-Chain Activity

chest

Upcoming upgrades to the Sui network are anticipated to enhance on-chain activity and institutional interest.

user avatarMaria Fernandez

Sui Group Holdings Introduces Revenue-Generating Pillars

chest

The firm is launching two key revenue-generating pillars to monetize on-chain activity, including a synthetic dollar and a revenue-sharing agreement.

user avatarRajesh Kumar

Sui Group Holdings Aims for Increased SUI Position and Yield

chest

Sui Group Holdings plans to expand its SUI holdings and target an effective yield of 6% on its digital asset base.

user avatarGustavo Mendoza

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.