(Bloomberg)-Ken Griffin is looking forward to the markets of securities to worry in currencies, betting on President Donald Trump’s embrace of industry in a boom in the asset category.
Most of them read from Bloomberg
It is a clear axis of the company’s previous caution in making the encryption market. Citadel Securities had a limited presence in the trading of encryption, after he moved away from the stock exchanges that retailer investors are frequent due to the lack of surrounding regulations in the United States.
The company aims to add to the market makers list in various stock exchanges, including those run by Coinbase Global Inc. Binance Holdings and Crypto.com, according to people familiar with it.
The people said that once the company approves the stock exchanges, it initially plans to create the market making teams outside the United States, and asked not to specify them because the plans are not general. The range of payment and castle desire can change based on how new regulations appear in the coming months.
Citadel Securities, based in Miami, had no immediate comment.
To date, Citadel Securities has remained from the main encryption places that retail merchants are frequent. After the collapse of FTX Sam Bankman-Fred in 2022, coding exchanges have caused criticism for failure to separate companies-including custody, market manufacture and trading-which can lead to conflict of interests and money manipulation.
To create some certainty and institutional customer service, Citadel Securities has cooperated with brokerage companies, including Charles Schwab and Fidelity Investments, to form an encryption for the institution only that reflects the way in which assets are kept and settled in stock markets and links. This place, Markets EdX, was broadcast in 2023, and provides trading in encryption products only for institutional investors.
Citadel Securities and other financial companies press for organizers to establish rules on investment in digital assets, creating a road map for institutions to participate. If the United States does so, the company wants to be ready to provide liquidity, buy and sell digital assets as it does in other asset categories such as stocks and fixed income.
“Crypting Capital”
The financial industry is preparing for more activity in digital assets under the Trump administration.
https://s.yimg.com/ny/api/res/1.2/z7cmAqEx3slJNIZXMmBoQg–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/bloomberg_markets_842/3461c7d817147290e534baa074d67620
Source link