Citadel Securities · Funding Round · Wall Street · New York · Bitcoin Magazine
Crypto.com Locks in $400 million Investment From Citadel Securities at $20 billion Valuation
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Crypto.com has received $400 million from top market maker Citadel Securities, pushing the crypto exchange's valuation to $20 billion.
Key facts
- Crypto.com has received $400 million from top market maker Citadel Securities, pushing the crypto exchange's valuation to $20 billion
- Global market maker Citadel Securities has invested $400 million in crypto exchange Crypto.com, giving the platform a $20 billion valuation, according to a Thursday announcement
- The cash will help bridge the gap “between digital asset and traditional markets to create a more efficient 24/7 financial ecosystem,” a Thursday announcement read
- Citadel last year also pumped $200 million into crypto exchange Kraken to help accelerate the company’s strategy of bringing traditional financial products on-chain
Summary
Global market maker Citadel Securities has invested $400 million in crypto exchange Crypto.com, giving the platform a $20 billion valuation, according to a Thursday announcement. Crypto.com, which has several digital asset products, said the cash would help the Singapore-based company expand its services to assets such as blockchain-based securities and derivatives. The cash will help bridge the gap “between digital asset and traditional markets to create a more efficient 24/7 financial ecosystem,” a Thursday announcement read. “The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance,” Crypto.com CEO Kris Marszalek said in a statement.