Citadel Securities is planning to enter the cryptocurrency trading market, aiming to become a liquidity provider. This move comes as a response to President Donald Trump's support for the crypto industry, which is expected to lead to significant growth in the asset class. Previously, Citadel Securities had been cautious about crypto market-making, avoiding exchanges popular with retail investors due to regulatory concerns in the US.

Ken Griffin’s market-making giant Citadel Securities is looking to become a liquidity provider for cryptocurrencies, betting President Donald Trump’s embrace of the industry will usher in a boom for the asset class. It’s a clear pivot from the firm’s previously cautious stance on crypto market-making. Citadel Securities has had a limited presence in crypto trading, having steered clear of exchanges frequented by retail investors due to a lack of regulations around it in the US.

Citadel Securities Plans Entry into Crypto Trading Following Trump's Support