U.S. electronic trading giant Citadel Securities is building a “cryptocurrency trading ecosystem” with the help of high-frequency trading and market-making firm Virtu Financial, as well as venture capital firms Sequoia Capital and Paradigm, according to a source familiar with the plans. Citadel Securities is the sister company to hedge fund giant Citadel.
The firms in Citadel Securities' initial consortium will be joined by additional wealth managers, market makers and other industry leaders that are expected to join the marketplace ahead of launch, the source added.
“This marketplace is intended to create more efficient access to deep pools of liquidity for digital assets. So a group of industry leaders are working closely together to facilitate the safe, clean, compliant and secure trading of digital assets,” the source told Coindesk.
The current crypto market structure is deficient and inhibits wider adoption from a lot of investors, which is what Citadel Securities’ trading...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...