{"id":14979,"date":"2025-02-25T19:02:11","date_gmt":"2025-02-25T19:02:11","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14979"},"modified":"2025-02-25T19:02:11","modified_gmt":"2025-02-25T19:02:11","slug":"ken-griffins-citadel-crypto-securities-enters-crypto-market-in-major-shift","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14979","title":{"rendered":"Ken Griffin\u2019s Citadel Crypto Securities Enters Crypto Market in Major Shift"},"content":{"rendered":"<div>\n<p>Ken Griffins, Founder of Citadel Securities, once called cryptocurrency \u2018Jihadist\u2019, yet now the long-awaited crypto securities are here.<\/p>\n<p>The long-rumored Citadel Crypto venture has arrived, reshaping the crypto landscape in real-time.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\"><a href=\"https:\/\/99bitcoins.com\/news\/presales\/griffain-explodes-by-more-than-30-today-best-ai-crypto-coin-to-buy\/\">Ken Griffin<\/a>, founder of Citadel Securities, once dismissed cryptocurrency as a \u201cjihadist call\u201d against the U.S. dollar. Fast-forward to 2025, and his firm is pivoting into the sector.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Citadel Securities is set to provide liquidity on major platforms like Coinbase, <a href=\"https:\/\/99bitcoins.com\/news\/binances-cz-reveals-his-crypto-portfolio-best-new-crypto-to-buy-in-2025\/\">Binance<\/a>, and Crypto.com\u2014signaling a major shift in institutional backing for digital assets.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Citadel Crypto: From Skeptic to Market Maker<\/h2>\n<p>Citadel Securities, the trading giant behind $503 billion in daily activity and a third of U.S. stock trades, is stepping into the crypto ring.\u00a0 Hints of this move surfaced at the UBS Financial Services Conference in February, where Griffin teased a shift in strategy.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: $65 billion Citadel Securities is looking to become a liquidity provider for Bitcoin &amp; crypto, betting on President Trump&#8217;s embrace of the industry <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/1inIgAlpY4\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/1inIgAlpY4<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1894072630077960374?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 24, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Now, sources confirm Citadel Crypto will be a digital assets market maker, building specialized trading teams offshore to sidestep U.S. regulatory hurdles.<\/p>\n<p>\u201cIt\u2019s a signal of a bigger market shift,\u201d says Calvin Shen from Hex Trust, even if initial liquidity gains are gradual.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Regulatory Winds Favor Crypto<\/h2>\n<p>Citadel\u2019s crypto pivot isn\u2019t happening in a vacuum. The <a href=\"https:\/\/99bitcoins.com\/news\/sam-bankman-fried-lobby-effort-underway-for-trump-pardon-sbf-free-in-2025\/\">Trump administration<\/a> has been busy crafting a friendlier regulatory landscape for digital assets, including creating an SEC crypto task force headed by Hester Peirce, a known industry ally.<\/p>\n<p>Ken Griffin, who once blasted the sector for its lack of controls, now applauds these moves. Speaking to the South Florida Business Journal, he said, \u201cMarkets clean themselves up when tier-one players are allowed to participate. I\u2019d like to see that happen in crypto.\u201d<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">A New Chapter for Institutional Crypto Adoption<\/h2>\n<p>Citadel isn\u2019t a total stranger to crypto. In 2023, they launched\u00a0 EDX Markets with Charles Schwab and Fidelity Investments. Built for institutions, EDX split trading from custody, avoiding the pitfalls that sank exchanges like <a href=\"https:\/\/99bitcoins.com\/news\/ftx-victims-despair-as-parents-call-on-president-will-trump-free-sam-bankman-fried\/\">FTX<\/a>.<\/p>\n<p>Its non-custodial model quickly attracted interest from cautious financial heavyweights, with Singapore emerging as a key growth hub.<\/p>\n<p>The collapse of FTX in 2022, marred by reckless risk practices, left an industry rattled. Citadel\u2019s institutional-grade ethos stands in opposition to that chaos.<\/p>\n<figure style=\"width: 786px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/media.cryptoforinnovation.org\/2024\/11\/Gfc9UxNH-As-California-sets-the-stage-with-Assembly-Bill-1934-states-across-the-U.S.-take-varied-approaches-to-digital-asset-regulation.-Heres-how-2024-could-shape-up-in-the-digital-assets-space-1024x1024.webp\" alt=\"States Set the Stage for 2025 to be the Year of Crypto\" width=\"786\" height=\"786\"><figcaption class=\"wp-caption-text\">(<a class=\"general-link\" href=\"https:\/\/www.google.com\/url?sa=i&amp;url=https%3A%2F%2Fcryptoforinnovation.org%2Fstates-set-the-stage-for-2025-to-be-the-year-of-crypto%2F&amp;psig=AOvVaw0C91Xx4Y75YPC6P6Wf9dCy&amp;ust=1740573442973000&amp;source=images&amp;cd=vfe&amp;opi=89978449&amp;ved=0CAMQjB1qFwoTCKj45I_s3osDFQAAAAAdAAAAABAE\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/figcaption><\/figure>\n<p>Citadel Securities\u2019s decision to enter crypto is less about their bottom line and more about the industry\u2019s evolution. This isn\u2019t just about one firm\u2014it\u2019s a reflection of a broader shift among legacy finance.<\/p>\n<p><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">There will be hurdles\u2014regulation, <a href=\"https:\/\/99bitcoins.com\/news\/argentina-president-faces-impeachment-after-milei-libra-crypto-scam-celebrities-just-wont-learn\/\" target=\"_blank\" rel=\"noopener\">rug pulls<\/a>, execution, and the lingering volatility of the crypto market, but the significance is hard to miss.<\/span><\/p>\n<p>Citadel\u2019s move legitimizes an industry still shaking off its growing pains and opens the door to deeper institutional involvement.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/xrp-price-jumps-11-after-sec-crypto-unit-tease-xrp-etf-progress\/\" target=\"_blank\" rel=\"noopener\">XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The long-rumored Citadel Crypto venture has arrived, reshaping the crypto landscape in real time.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Citadel Securities jumping into crypto is less about their bottom line and more about the industry\u2019s evolution.     <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/ken-griffins-citadel-crypto-securities-enters-crypto-market-in-major-shift\/\">Ken Griffin\u2019s Citadel Crypto Securities Enters Crypto Market in Major Shift<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ken Griffins, Founder of Citadel Securities, once called cryptocurrency \u2018Jihadist\u2019, yet now the long-awaited crypto securities are here. The long-rumored Citadel Crypto venture has arrived, reshaping the crypto landscape in real-time. Ken Griffin, founder of Citadel Securities, once dismissed cryptocurrency as a \u201cjihadist call\u201d against the U.S. dollar. Fast-forward to 2025, and his firm is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14979","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14979"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14979\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}