Citadel Securities’ $400M Crypto.com Deal Signals Wall Street Crypto Expansion
- Citadel Securities’ $400M stake values Crypto.com at $20B and expands its digital reach.
- Crypto.com will direct the capital toward tokenized securities, derivatives, and custody.
- The deal extends Citadel’s strategy after backing EDX Markets and investing in Kraken.
Citadel Securities’ $400 million investment in Crypto.com marks Wall Street’s deeper move into digital-asset infrastructure. The all-equity deal values the exchange at about $20 billion, matching Kraken’s previous valuation.
The transaction gives Crypto.com its first institutional funding since its 2016 launch. Consequently, the exchange plans to use the capital to expand tokenized securities, derivatives, and other asset classes rather than focus on short-term market activity.
Citadel’s Exchange Strategy Expands Beyond Liquidity
The deal places a leading market maker at the center of C…
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