Citadel Securities Prepares Entry Into Cryptocurrency Market-Making

Ken Griffin's firm shifts stance on digital assets, citing evolving U.S. regulations under the Trump administration.

Citadel Securities plans to become a market maker on major crypto exchanges like Coinbase, Binance, and Crypto.com, according to sources.
The firm previously avoided retail-focused crypto platforms due to regulatory uncertainty and concerns about market integrity.
Citadel's move follows pro-crypto regulatory shifts under the Trump administration, including executive orders and the appointment of Hester Peirce to lead an SEC crypto task force.
Initial operations are expected to focus on non-U.S. markets while awaiting further regulatory clarity in the United States.
This marks a significant institutional push into crypto, joining peers like Jump Trading and Jane Street, as Citadel seeks to extend its dominance in financial markets to digital assets.