Citadel Securities Begins Crypto Trading After Years of Skepticism

Ken Griffin, a billionaire who has long been skeptical of cryptocurrencies, has made a notable about-face as his Citadel Securities begins trading the digital asset. The move comes as the Trump administration signals a more regulatory-friendly approach to cryptocurrencies.

Ken Griffin’s Unexpected Pivot

Ken Griffin has previously criticized cryptocurrencies, calling them a “call to war” against the U.S. dollar. However, after years of opposition, he has embraced the burgeoning industry. Citadel Securities, Griffin’s market-making giant, is ending its long-standing skepticism and officially entering crypto trading.

Citadel Securities Plans to Expand to Major Crypto Exchanges

Ken Griffin first hinted at plans to enter the crypto market at the UBS Financial Services Conference in February 2025. According to a report from Bloomberg on Monday, Citadel Securities is planning to operate as a market maker on major exchanges such as Coinbase, Binance, and Crypto.com.

Citadel Securities, which currently handles $503 billion in daily trading volume and accounts for nearly 35% of all U.S. equity trading volume, is also reportedly looking to expand its crypto trading operations beyond the U.S. The company is in the process of establishing trading teams in international markets, sources said.

Conclusion

Citadel Securities’ shift in stance marks a milestone in the acceptance of cryptocurrencies by major financial institutions. Under the leadership of Ken Griffin, the company is planning to further penetrate the digital asset market, making a major impact on the industry in the near future.