One of the world’s largest market makers, Citadel Securities, founded by Ken Griffin, has announced a strategic investment of $400 million in the crypto exchange Crypto.com. As a result of the deal, the company’s valuation has reached $20 billion.
This is the first institutional investment round in Crypto.com’s nearly 10-year history. The company plans to use the raised capital to develop new areas, including tokenized securities, derivatives, and further integration of traditional finance with digital assets.
To date, Crypto.com serves more than 140 million users worldwide and ranks among the largest cryptocurrency exchanges by trading volume. The company is actively expanding its presence in regulated markets and recently received conditional approval to establish a national trust bank in the U.S.
The market reacted positively to the news: the ecosystem’s native token, $CRO, surged by more than 18% immediately after the deal was announced, as investors viewed Citadel Securities’ entry as an important signal of the ongoing institutionalization of the crypto industry.
