Citadel Securities Presid Crypto plans after Trump’s support

Ken Griffin Securities is preparing to enter the cryptocurrency market as a liquidity provider, and it is expected that Donald Trump’s position supporting the growth of industry.

Previously, Citadel Securities has been cautious about encryption, and avoiding the main exchanges used by retailers due to organizational uncertainty.

Citadel Securities, led by CEO, Bing Chao, has grown from a small team to a global commercial giant. It is a market maker in stock, options, corporate bonds, treasury, and traded investment funds, competing with the best investment banks.

However, the company plans to become a market maker on platforms like Coinbase, Binance and Crypto.com. Initially, market making teams will create outside the United States, depending on how regulations evolve.

This shift comes at a time when Trump moves to the United States’ situation as “the planet’s encryption capital”. Since he took office, he presented policies that prefer digital assets, including the appointment of the SEC Hester People, a well -known encryption lawyer, to lead a new business squad. These organizational changes encouraged institutions to review their participation in encryption.

Citadel Securities, one of the largest market making companies in the world, has built its reputation in stocks, options, bonds and the traded investment funds. However, he previously avoided encryption due to concerns about transparency and conflicts of interest, especially after the collapse of FTX 2022.

Instead, a partnership with Charles Schwab and FIDELIETY to launch EDX markets was held in 2023, an exclusive exchanging exchange of institutional investors.

With clearer regulations, Citadel now wants to expand its role in encryption, which provides liquidity as in other markets. The company and other financial institutions have prompted organizational guidelines to allow more institutional participation in digital assets.

Unlike Citadel, companies such as Jane Street and Jump Crypto have been active in coding trading since 2017. However, they expanded the scope of US operations in 2023 due to the organizational campaign, with a focus instead on international markets such as Dubai, Singapore, and Hong Kong . Despite their low presence, they did not completely get out of the market.

Also read: Trump: He is committed to making America the capital of encryption