Sources indicate that Citadel Securities is currently setting up operations to make markets for cryptocurrencies. The financial giant intends to offer liquidity services across Coinbase, Binance, and Crypto.com exchanges starting from non-US markets.
Industry Context
The crypto markets remain off-limits to Citadel Securities as the company waits while competitors Jane Street Group and Jump Trading have already established their positions. Many financial firms withdrew from US operations during 2023 because of regulatory hurdles so they moved their operations to international centers with better regulatory environments.
Regulatory Shifts
The regulatory environment’s development has led Citadel to expand its operations because it demonstrates increased faith in the crypto market’s maturity. During his administration President Trump promised to make the United States the dominant force in cryptocurrency while his government has implemented an executive order to establish transparent regulations.
Previous Involvement
Citadel took part in developing EDX Markets alongside Fidelity Investments and Charles Schwab to establish an exchange for institutional customers while ensuring traditional market features.
Market Making Expansion Plans
The improvement of regulatory clarity has received a major endorsement from Citadel which demonstrates confidence while simultaneously improving crypto liquidity and stability.
