Key facts
- Citadel Securities invested $400 million in Crypto.com.
- The investment values Crypto.com at $20 billion.
- This is Crypto.com's first institutional fundraising round.
- The funding aims to support Crypto.com's expansion into tokenized securities and derivatives.
Global market maker Citadel Securities has invested $400 million in crypto exchange Crypto.com, valuing the company at $20 billion. This marks Crypto.com's first institutional fundraising round and signals growing institutional interest in digital asset infrastructure.
Crypto.com stated the funding will support its expansion across all asset classes, including tokenized securities and derivatives. The company's CEO, Kris Marszalek, expressed enthusiasm for partnering with Citadel Securities to advance the institutionalization of the crypto industry. Jim Esposito, president of Citadel Securities, noted the exciting evolution of traditional financial markets converging with digital asset infrastructure.