• 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

Ethereum Foundation to Unveil zkVM Architecture Whitepaper

chest

The Ethereum Foundation is set to release a whitepaper detailing the requirements for the zero-knowledge virtual machine (zkVM) architecture.

user avatarKenji Takahashi

Ethereum Sees Surge in AI Agent Registrations

chest

Ethereum has seen a significant influx of AI agents, with 13,000 registered in one day, marking a step towards building a foundation for autonomous AI systems.

user avatarGustavo Mendoza

Ethereum Aims to Lead AI Development with Innovative Solutions

chest

Ethereum is positioning itself as a key player in blockchain and AI, aiming to become the default network for AI development through innovative solutions like zero-knowledge privacy payments.

user avatarMaria Fernandez

Waymo Sets Ambitious Goal for Paid Rides

chest

Waymo, the autonomous cab service owned by Alphabet, aims to achieve one million paid rides per week by the end of 2026.

user avatarRajesh Kumar

Alphabet's Stock Experiences Volatility Amid Waymo Developments

chest

Alphabet's stock has seen fluctuations due to Waymo's updates and a recent bond sale for AI funding.

user avatarMiguel Rodriguez

XRP Price Analysis Highlights Key Resistance Level

chest

A market analyst identifies a crucial resistance level for XRP that could determine its next price movement.

user avatarLuis Flores

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.