Ken Griffins, founder of Citadel Securities, was once known as the “jihadist,” but now the much-anticipated cryptocurrency, is here.
The long-running Citadel Crypto venture has arrived to reconstruct the crypto landscape in real time.
Ken Griffin, founder of Citadel Securities, once dismissed cryptocurrency as a “jihadist appeal” to the US dollar. Fast forward to 2025 and his company is pivoting into this sector.
Citadel Securities is set up to provide liquidity across major platforms such as Coinbase, Binance, and Crypto.com.
Citadel Crypto: From skeptics to market makers
Citadel Securities, a trading giant that has lagged behind $5003 billion in daily activities and a third of US stock trading, is stepping into the crypto ring. The hints for this move surfaced at the UBS Financial Services Conference in February.
Just: $65 billion Citadel Securities wants to become a liquidity provider for Bitcoin & Crypto.
pic.twitter.com/1inigalpy4
– Bitcoin Magazine (@bitcoinmagazine) February 24, 2025
Sources are now confirming that Citadel Crypto is a market maker of digital assets and will build a specialized trading team offshore to avoid US regulatory hurdles.
“This is a signal for a bigger market shift,” says Calvin Shen from Hex Trust, even if the initial liquidity improvements are gradual.
Regulatory Winds Support Crypto
Citadel's crypto pivot does not occur in a vacuum. The Trump administration is busy creating a more friendly regulatory environment for digital assets, including creating the SEC Crypto Task Force, led by known industry ally Hester Peirce.
Ken Griffin, who once blows up the sector with lack of control, is now praised for these moves. Speaking to the South Florida Business Journal, he said: I want to see it happen in the code. ”
New chapters for facility encryption adoption
Citadel is not a complete stranger in cryptography. In 2023, they launched the EDX market with Charles Schwab and Fidelity Investments. Built for institutions, Edx split the deal from custody, avoiding the pitfalls that sunk exchanges like FTX.
Its unlawful model quickly attracted attention from the cautious financial heavyweights as Singapore emerged as a key growth hub.
The 2022 FTX collapse was hampered by reckless risk practices and rattles the industry. The institutional grade spirit of the Citadel opposes that confusion.
The decision to enter Citadel Securities' encryption is not about their revenues, but about the evolution of the industry. This reflects more broadly changing between legacy finance than just one company.
There are hurdles – there are lingering volatility in the regulation, lag pull, execution, and crypto market, but its importance is hard to overlook.
Citadel's move justifies an industry that is shaking growing pains and opens the door to deeper institutional engagement.
Exploration: XRP Price Jumps 11% after SEC Crypto Unit XRP ETF Progress
For the latest market updates, please join us in the discrepancy in 99bitcoins news here
Key takeout
-
The long-standing Citadel Crypto venture has arrived and recreated the crypto landscape in real time.
-
Citadel Securities jumping into Crypto is more about their revenues, not about their industry evolution.
Post-Ken Griffin's Citadel Cryptocurrency securities entered the crypto market with a massive shift that first appeared in 99 Bitcoin.
