Citadel Securities wants to join the crypto market. The firm aims to be a top liquidity provider by teaming up with leading exchanges. Citadel is making this move to benefit from the current regulatory situation. Not everyone in the crypto community is pleased with this change.
Citadel is a famous market maker with many assets. It has been tracking crypto trends for years. Citadel has invested in ETFs and is now looking for approval from major crypto exchanges to improve market liquidity. The firm notices changes in government policies favoring crypto and aims to profit from the industry’s growth.
Many traders are doubtful about these plans. Citadel has a controversial past, particularly with the 2021 GameStop short squeeze. The firm affected trading rules on platforms like Robinhood, upsetting many retail investors. Investors see Citadel as a sign of market manipulation.
If exchanges allow Citadel in, the firm will grow beyond the U.S. It focuses on Southeast Asia and other global markets. Citadel is getting ready to expand globally, demonstrating its dedication to the crypto market.
