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Citadel Securities Eyes Crypto Market-Making Amid Trump Optimism

Mary Liu

Summary: Citadel Securities, the traditional finance powerhouse and largest market maker on the New York Stock Exchange, is reportedly planning to expand into cryptocurrency market making, according to a Bloomberg report. The move signals a significant bet on the digital asset space by the $65 billion Wall Street giant, fueled in part by expectations of a ...

Citadel Securities, the traditional finance powerhouse and largest market maker on the New York Stock Exchange, is reportedly planning to expand into cryptocurrency market making, according to a Bloomberg report. The move signals a significant bet on the digital asset space by the $65 billion Wall Street giant, fueled in part by expectations of a more favorable regulatory environment under a potential Trump presidency.

Citadel Securities aims to join the ranks of existing crypto market makers on major exchanges such as Coinbase Global, Binance, and Crypto.com. Sources familiar with the matter suggest the firm may initially establish its crypto market-making operations outside of the United States before expanding domestically.

Spokespeople for Citadel Securities have not yet issued an official statement regarding these plans. However, the Bloomberg report, citing sources close to the company, indicates that the initiative is actively being explored, marking a potentially transformative moment for both Citadel Securities and the broader crypto market landscape.