Citadel Securities Plots Crypto Trading Move After Trump Embrace

Ken Griffin’s market-making giant Citadel Securities is looking to become a liquidity provider for cryptocurrencies, betting President Donald Trump’s embrace of the industry will usher in a boom for the asset class.

It’s a clear pivot from the firm’s previously cautious stance on crypto market-making. Citadel Securities has had a limited presence in crypto trading, having steered clear of exchanges frequented by retail investors due to a lack of regulations around it in the US.

Ken Griffin

Photographer: Christopher Pike/Bloomberg

The firm aims to get added to the roster of market makers on various exchanges, including those run by Coinbase Global Inc. ...