May 2, 2024

Citadel Securities Prepares Cryptocurrency Trading Ecosystem for Brokers

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Citadel Securities Prepares Cryptocurrency Trading Ecosystem for Brokers

American market maker CitadelSecurities is preparing an ecosystem of products for financial brokers that will allow them to provide their clients with access to digital asset trading.

As reported by CoinDesk with reference toown sources, another market maker Virtu and venture firms Sequoia Capital and Paradigm are also involved in preparing the ecosystem. It is expected that other large financial companies will join the consortium in the future.

“This ecosystem will provide a more efficient andConvenient access to deep liquidity pools for digital assets. That's why a group of financial industry leaders are working together to create a safe, transparent and legal way to trade crypto assets. This will allow us to lure users of cryptocurrency exchanges,” the publication’s source emphasized.

Another CoinDesk source told CoinDesk that Citadel Securities has been hiring senior executives for some time to build a suite of cryptocurrency trading products.

Note that Citadel Securities CEO Kenneth Griffith has repeatedly spoken out against digital assets. However, in recent months, he appears to have begun to change his tune.