Citadel Plans to Start Making Markets in Crypto in Coming Months, CEO Ken Gri...
Citadel CEO Ken Griffin, a bitcoin skeptic, admits he has not been right on his crypto call. He now says: “It’s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies.” Citadel Getting Into Crypto The CEO and founder of financial services firm Citadel, billionaire Ken Griffin, talked about cryptocurrency and his company’s decision to enter the space in an interview with David Rubenstein on Bloomberg Thursday. The billionaire executive has long been a bitcoin skeptic. He previously....
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Two former executives of the leading investor in the world’s financial markets, Citadel Securities, Leonard Lancia and Alex Casimo have raised $50 million for their own crypto market maker. The company also plans to invest in crypto assets via web 3 projects. Ex-leaders at Citadel Security initially launched their own market maker in April 2021 […]
The company confirmed its bet on the crypto space with its latest investment partners. Citadel Securities announced that VC firms Sequoia and Paradigm made a $1.15 billion combined minority investment in the market maker, bringing its valuation to $22 billion. The partnership with Paradigm, a Web3-focused investor, signaled Citadel Securities’ shift toward new asset classes such as crypto.Sequoia, who led the round, with investment from Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund, will also get a seat on the Citadel Securities Board of Directors for Sequoia....
Coin Citadel is raising about $750,000 worth of bitcoins in the coming days, says the company's press release. Coin Citadel, the company that has been involved in bitcoin-based business for a while, has now decided to increase its bitcoin holding by over $750,000 in the coming days. The announcement was made by the company in a press release earlier today. While Coin Citadel has already explained about its intentions to increase its holdings, the company has not divulged any specific details about from where the company will be receiving the bitcoin. But by raising about 1,675 bitcoins as....
A number of financial giants including Fidelity Digital Assets, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial are also backing the new crypto trading platform. The story was first reported during the first week of June, but the companies confirmed creating the new crypto exchange this week and appointed a CEO.
EDX Markets Plans to ‘Remove Significant Conflicts of Interest That Affect....
Company founder Ken Griffin has backtracked on his anti-crypto stance and wants his firm to offer digital assets to its clients this year. American multinational hedge fund and financial services company Citadel is poised to enter cryptocurrency markets this year.Speaking on Bloomberg Wealth with David Rubenstein, Citadel founder Ken Griffin commented on the current state of markets in light of recent geopolitical conflicts stating that they are at a “very volatile inflection point.”When the interview turned to digital assets, Griffin who has previously warned the younger generation away....