• 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

Analyst Suggests Shiba Inu's Long Decline May Be Coming to an End

chest

Analyst Aurex Finance suggests that Shiba Inu's long-term decline may be nearing its end, based on a completed three-wave corrective structure.

user avatarTomas Novak

Open Interest in Shiba Inu Rises Despite Declining Trading Volume

chest

Open interest for Shiba Inu has increased by 21% in the last 24 hours, despite an 18% drop in spot trading volume, indicating mixed market signals.

user avatarKaterina Papadopoulou

Shiba Inu Hits Critical Support Level Amid Ongoing Decline

chest

Shiba Inu has recently dropped to a critical support zone around 0.00000055, which has historically cushioned price drops since 2021.

user avatarMaya Lundqvist

Binance Partners with BlockShoals to Reenter Philippine Crypto Market

chest

Binance has partnered with BlockShoals to reenter the Philippine crypto market through a regulatory sandbox.

user avatarLeo van der Veen

Midnightcity: Pioneering Privacy in Blockchain Technology

chest

Midnightcity is designed to redefine privacy in blockchain with autonomous AI agents and an innovative economic model.

user avatarAisha Farooq

Midnightcity Set for New Beta Testing Phase

chest

Midnightcity is preparing for a new beta testing phase to enhance its design and user experience, with thousands of testers expected to participate.

user avatarLi Weicheng

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.