Wall Street and crypto's convergence snapped into focus, while crypto majors gave back most of the week's gains as broader markets sold off.
The market maker's stake marks Crypto.com's first institutional funding round, as Wall Street deepens its push into crypto.
Citadel Securities invests $400M in Crypto.com at a $20B valuation, funding the exchange’s push into tokenized securities and derivatives.
Crypto exchanges have increasingly positioned themselves as bridges between digital asset markets and traditional finance.
Bitcoin Magazine Crypto.com Secures $400M Investment From Citadel Securities at $20B Valuation Crypto.com receives $400 million investment from Citadel Securities This post Crypto.com Secures $400M Investment From Citadel Securities at $20B Valuation first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
Crypto.com's $400M boost from Citadel signals a pivotal shift, merging traditional finance with DeFi, potentially reshaping global markets.
Crypto.com plans to use proceeds from its “first institutional funding round" to expand its tokenization and derivatives operations.
