Citadel Securities, a major financial services provider and trading firm, is planning to enter the crypto market-making business. The firm aims to become a liquidity provider on leading exchanges such as Coinbase, Binance, and Crypto.com. They plan to establish trading teams outside of the US once they are approved on these exchanges. Citadel Securities previously had limited involvement in crypto trading due to regulatory uncertainty in the US but is now shifting its approach. The firm has partnered with Charles Schwab and Fidelity Investments to launch an institutional-only crypto exchange called EDX Markets. The move reflects a more welcoming attitude toward crypto assets from the Trump administration and a desire for clearer regulatory frameworks. Unlike some competitors that scaled back US operations during a regulatory crackdown in 2023, Citadel Securities has largely stayed away from crypto market-making.



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