Citadel Securities To Enter Crypto House Amid Trump’s Embrace

Market-making large Citadel Securities is seeking to change into a liquidity supplier for the crypto market.

The choice is impressed by US President Donald Trump’s embrace of the digital asset house, based on a Feb. 24 report by Bloomberg that cited sources acquainted with the matter.

Citadel Securities Goals To Present Liquidity For Binance, Coinbase And Crypto.com

The market-making agency is aiming to change into a service supplier for main crypto platforms, together with these run by Coinbase International Inc., Binance Holdings and Crypto.com, the sources mentioned. As soon as permitted, Citadel Securities initially plans to arrange groups exterior of the US. 

Talking on the 2025 UBS Monetary Providers Convention in Key Biscayne, Florida, Citadel Securities founder and CEO Ken Griffin mentioned the Trump administration ought to push for regulatory pointers to maintain fraud at bay within the crypto house.

“We’ve seen time and time once more in markets the place your tier one gamers are allowed to take part are literally markets that clear themselves up,” Griffin mentioned. He added that he wish to see this occur within the crypto house.

Griffin Criticizes Biden Administration’s “Evil” Strategy To Regulation

Griffin went on to criticize the Joe Biden administration for its “evil” strategy to “regulation by enforcement” within the crypto house. In current months, the Citadel Securities CEO and founder has additionally mentioned it was a ”mistake” for his agency to have averted the crypto market earlier. 

When Bitcoin surpassed $100K for the primary time, Griffin mentioned digital belongings are a part of the American individuals reclaiming “company” of their lives after electing Trump as Biden’s substitute.

Everybody speaking about Powell’s Bitcoin remark.

However the extra bullish take was from Citadel CEO Ken Griffin (infamous crypto skeptic):

“The query is how a lot has crypto captured the zeitgeist of the world.

Why crypto is doing nicely ties into why individuals voted for Trump. It… pic.twitter.com/AcuSoCLAeJ

— Yano 🟪 (@JasonYanowitz) December 4, 2024

Griffin’s resolution to attempt to make Citadel Securities a market maker within the crypto house comes because the monetary business gears up for extra exercise within the digital asset sector beneath pro-crypto US President Trump. 

Whereas campaigning, Trump promised to make the US the “crypto capital of the planet.” Since taking energy, President Trump has sought to overtake guidelines that restricted exercise beneath former President Biden.

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