Crypto.com, a Singapore-headquartered cryptocurrency platform, said on July 16 that Citadel Securities will invest US$400 million in the company in its first institutional funding round, valuing it at US$20 billion.

Crypto.com said the funding is expected to accelerate its expansion into tokenized securities and derivatives.

The company also lists US broker-dealer, designated contract market (DCM), and derivatives clearing organization (DCO) licenses, as well as Markets in Financial Instruments Directive (MiFID) and Markets in Crypto-Assets (MiCA)-related approvals in Europe.

Citadel Securities has advertised a systematic crypto trader role and a quant role, showing the investment aligns with the market maker’s broader digital-asset trading and research efforts.

🔗 Source: Crypto.com

Recent Crypto.com developments