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Top Market Maker Citadel to Enter Crypto: Bloomberg

The firm will boost liquidity on major exchanges, establishing overseas teams amid a friendlier regulatory outlook under Trump.
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Feb 24, 2025 • 1 min read

Citadel Securities plans to enter the crypto market-making sector, aiming to enhance liquidity on major exchanges like Coinbase and Binance, Bloomberg reports. Motivated by a more crypto-friendly regulatory environment under Trump, the firm plans to establish trading teams outside the US and potentially expand based on how regulations develop.

What’s the Scoop?

  • Citadel's New Venture: Citadel Securities is entering the crypto market-making business targeting major exchanges to enhance digital asset liquidity.
  • Regulatory Motivation: The firm is motivated by expected regulatory changes and Trump's supportive stance on digital assets, forecasted to increase industry activity.
  • Institutional Push: Historically cautious, Citadel partnered with Charles Schwab and Fidelity to establish EDX Markets, an institutional-only crypto exchange.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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