TLDR Tech / Fintech
Citadel Securities invests $400M in Crypto.com at $20B valuation
Citadel Securities made a $400 million strategic investment in Crypto.com at a $20 billion valuation, marking the exchange's first institutional funding round. Crypto.com plans to use the capital to expand tokenized securities and derivatives, while the deal further underscores Citadel's growing push into crypto market infrastructure through investments in Kraken, Ripple, Canton, and other institutional digital asset platforms.
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