Key Points:
- Citadel Securities plans to become a market maker on major crypto exchanges like Coinbase and Binance.
- The move is influenced by President Trump’s pro-crypto stance and expectations of a more favorable regulatory environment.
Citadel Securities, the trading firm founded by billionaire Ken Griffin, is preparing to enter the cryptocurrency market with a shift from its historically cautious stance.
Griffin announced the firm’s plans during the 2025 UBS Financial Services Conference in Key Biscayne, Florida, showing growing confidence in regulatory developments.
Citadel Securities to Begin Market-Making in Crypto as Regulations Shift
The firm, a dominant player in global market-making across equities, options, corporate bonds, treasuries, and exchange-traded funds, has traditionally been hesitant about crypto due to regulatory uncertainties.
However, recent political and regulatory shifts appear to be altering that perspective. According to Bloomberg, Citadel Securities intends to become a market maker on major crypto exchanges, including Coinbase, Binance, and Crypto.com.
One of the key factors influencing this strategic move is President Donald Trump’s pro-crypto stance, which has fueled expectations of a more favorable regulatory environment.
Citadel’s Cautious Move Into Crypto
Citadel Securities anticipates an increase in crypto industry activity and sees an opportunity to establish a stronger presence in the digital asset space. Initially, the firm plans to deploy trading teams outside the U.S., adapting its approach based on how regulations evolve domestically.
Previously skeptical, Griffin acknowledged in a recently interview with The New York Times that he underestimated crypto’s role in financial markets. His firm considered entering the sector in 2022 but refrained due to market turmoil following the collapse of Terra’s LUNA ecosystem.
Citadel Securities’ expansion isn’t limited to cryptocurrency. The firm is also seeking to broaden its global footprint, with Reuters reporting that it has applied for a securities license in China. If approved, this would allow Citadel Securities to formally engage in market-making activities in China beyond interbank and foreign exchange markets.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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