Crypto.com Hits $20B Valuation After $400M Citadel Securities Investment
DECRYPT ·
Citadel Securities, the market-making giant founded by billionaire Ken Griffin, has invested $400 million in Crypto.com, valuing the exchange at $20 billion. The exchange said the capital will fund expansion into tokenized securities and derivatives. The deal is the latest indicator of Wall Street's move into crypto, following Citadel's stake in Kraken and investments by ICE, Nasdaq and others. Citadel Securities has invested $400 million in Crypto.com at a $20 billion valuation, marking the crypto exchange's first-ever institutional funding round and the latest sign of Wall Street's deepening embrace of digital assets. Announced Thursday , the deal hands the market maker founded by billionaire Ken Griffin a stake in the Singapore-based exchange, which said the money will speed its expansion into "all asset classes, including tokenized securities and derivatives." Founded in 2016, Crypto.com had never taken on institutional capital before. Thrilled to announce our first institutional funding round with a $400 million strategic investment from Citadel Securities valuing https://t.co/pFc4Pz8PQj at $20 billion. An incredible milestone 10 years in on our journey and the beginning of a new phase of growth. Grateful to…
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Crypto.com has secured $400 million in funding from Citadel Securities, reaching a valuation of $20 billion. This indicates that major financial institutions are gaining confidence in cryptocurrency infrastructure. This substantial capital influx is expected to improve market liquidity and accelerate institutional adoption, prompting investors to reevaluate the growth potential of crypto-related firms.
상승 영향
- Bitcoin — Large-scale investment from major financial institutions boosts credibility in the crypto market, accelerating institutional entry and significantly enhancing market liquidity.
- Fintech — As collaborations between traditional financial firms and crypto platforms increase, a revaluation of tech firms and a surge in M&A activity are anticipated.
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