- Citadel Securities plans to offer crypto trading services on major exchanges including Coinbase, Binance, and crypto.com.
- The firm processes $503 billion in daily trades and represents 35% of U.S. stock trading volume.
- Ken Griffin’s stance has evolved from calling crypto a “jihadist call” to embracing the industry under new regulatory clarity.
- Citadel’s entry follows competitors Jane Street and Jump Trading, who entered the crypto space in 2017 and 2021 respectively.
- The move aligns with Trump’s pro-crypto orders and the appointment of Hester Peirce to lead a crypto task force.
Citadel Securities, one of Wall Street’s largest market makers, is preparing to enter cryptocurrency trading, marking a significant shift in the firm’s stance toward digital assets. The move, revealed at the 2025 UBS Financial Services Conference, signals growing institutional acceptance of cryptocurrency markets.
The firm, which handles an impressive $503 billion in daily trades across traditional markets, plans to establish its presence on major cryptocurrency exchanges. According to Bloomberg reports, the company will act as a market maker on Coinbase, Binance, and Crypto.com.
Ken Griffin, Citadel’s founder, has undergone a notable evolution in his cryptocurrency perspective. In a recent Bitcoin-100k-people-want-agency-donald-trump-citadel/?xid=soc_socialflow_twitter_FORTUNE”>Fortune interview, while still questioning crypto’s economic utility, Griffin stated: “What I don’t care for about crypto is, what problem does it solve for our economy?”
The market maker’s expansion comes amid significant regulatory developments. In a South Florida Business Journal interview, Griffin endorsed the participation of established financial institutions, noting: “We’ve seen time and time again in markets where your tier one players are allowed to participate are actually markets that clean themselves up.”
Citadel’s prior involvement in cryptocurrency markets included collaborating with Charles Schwab and Fidelity to launch EDX Markets in 2023, an institutional-focused cryptocurrency exchange designed to mirror traditional financial infrastructure.
The firm’s entry follows the path of competitors Jane Street and Jump Trading, who established their digital asset operations in 2017 and 2021 respectively. This institutional participation trend suggests growing mainstream acceptance of cryptocurrency trading infrastructure.
As Citadel Securities seeks to establish teams outside the U.S., this expansion could significantly impact global cryptocurrency market structure and liquidity provision, potentially reducing trading costs and increasing market efficiency for participants.
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