U.S. electronic trading giant Citadel Securities is developing a “cryptocurrency trading ecosystem”, which people with familiar sources have disclosed.
y working with Virtu Financial, a trading and market-making firm, as well as venture capital firms Sequoia Capital and Paradigm. in developing the ecosystem.
The trading platform will also be joined by other wealth managers, market makers, and other industry leaders that are expected to join the marketplace ahead of the launch. “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 disclosed.
The current crypto market structure has deficiencies and hinders broader adoption from millions of investors seeking to benefit from digital assets traThe source stated this. This is what the consortium led by Citadel is addrested.
“It’s more...
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