Citadel Securities Invests $400 Million in Crypto.com at a $20 Billion Valuation

Crypto.com has said it has received a $400 million investment from Citadel Securities at a $20 billion valuation.

The investment marks Crypto.com’s first institutional funding round, the exchange said in a statement Thursday.

Crypto.com said the capital would accelerate its expansion across asset classes, including tokenized securities and derivatives, as it works to bridge digital assets and traditional markets.

“We are thrilled to work with Citadel Securities to continue driving the crypto industry into a new era of institutionalization,” Crypto.com CEO Kris Marszalek said in a statement. “The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance. Having built the right regulatory and tech infrastructure over the last decade, Crypto.com is now perfectly positioned to capture this new wave of growth across all asset classes.”

Crypto.com applied for a national trust bank charter last year and has been building an institutional prediction-markets business, hiring traditional-finance executives to lead it.

The deal underscores how quickly Wall Street’s largest trading firms have moved into crypto as U.S. regulation has softened.

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