Citadel Securities Launches Crypto Trading—Marking a Shift in Traditional Finance

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Citadel Securities, a financial giant managing $64 billion in assets, is making a big move into cryptocurrency. With Trump openly supporting digital assets and its millennial plan to create the US crypto capital more companies are eyeing this trillion-dollar industry. In line with current trends, Citadel has announced its global plan to provide crypto trading services and act as a liquidity provider, ensuring smooth trading on major platforms like Coinbase, Binance, and Crypto.com. This marks a shift from Citadel’s previous cautious stance on digital assets.

Why Citadel Is Entering Crypto Now

Citadel’s decision comes as the U.S. government shows growing support for integrating cryptocurrencies into the financial system. With clearer regulations and increased institutional interest, traditional financial firms like Citadel are seeing an opportunity to expand into digital assets. 

At first, Citadel will establish crypto trading operations outside the U.S. as reported by Bloomberg. This strategy allows the firm to test the waters in global markets while keeping an eye on regulatory developments in the U.S. 

Bringing Stability to Crypto Trading

As one of the largest market makers in traditional finance, Citadel plays a key role in keeping markets stable by providing liquidity. Now, the firm aims to do the same for crypto. By offering large-scale liquidity, Citadel can help reduce volatility and improve overall market efficiency, making cryptocurrency trading more attractive to institutional investors. Earlier they avoided providing such services to big firms to avoid regulations, The FTX disaster made them refrain from such activities as there were changes in companies mixing with customer funds.  

Led by Ken Griffin, Citadel has already shown interest in crypto. In 2023, the firm partnered with financial giants Charles Schwab and Fidelity Investments to launch EDX Markets, a crypto exchange designed for institutional investors. Moreover, EDX was built to operate like traditional financial markets, basically to provide a secure and regulated large-scale trading platform.

As per reports, Citadel Securities also worked with Terraform Labs before its collapse. After Terra’s stablecoin crashed in 2022, Do Kwon

Do Kwon

Do Kwon is an entrepreneur, known as the co-founder and ex-CEO of Terraform Labs. This company created the cryptocurrencies Terra (LUNA) and TerraUSD (UST). Kwon’s career is notable. He co-founded Terraform Labs in January 2018 with Daniel Shin. Their goal is to enhance payment systems using blockchain technology. This effort led to the creation of the Terra blockchain and its tokens, LUNA and UST.
Details:

Organization: Terra Money
Location: South Korea
Education: BS in Computer Science from Stanford University 

Experience:

Founder & CEO at Terraform Labs logo from Jan 2018 – Present 
Founder & CEO at Anyfi Inc. from Jan 2016 – Oct 2017 

FAQ’s
1. When was Terraform was launched?
Terraform was launched in 2018.
2. What is the net worth of Do Kwon?
Do Kwon’s net worth is $10 Billion
 

EntrepreneurCrypto and Blockchain ExpertChief Executive Officer

accused Citadel of causing it, but Citadel denied involvement, saying it only did two tiny test trades. Terraform’s lawsuit went nowhere.

Before this, Sequoia and Paradigm invested $1.15 billion in Citadel. Founded by Ken Griffin, Citadel manages $63 billion, while Citadel Securities serves top global financial institutions.

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What This Means for the Crypto Market

Citadel’s entry into crypto is a strong signal that digital assets are becoming a part of mainstream finance. With a major Wall Street firm now actively participating, cryptocurrency markets may see increased stability, more institutional investment, and greater legitimacy.

As Citadel expands its crypto operations, means a positive change from a negative and restrictive environment crypto is entering into mainstream finance. This move also highlights how traditional finance and cryptocurrency are becoming increasingly interconnected, paving the way for wider adoption in the future.