Citadel Securities has invested $400 million in Crypto.com at a $20 billion valuation, marking the crypto exchange's first-ever institutional funding round and the latest sign of Wall Street's deepening embrace of digital assets.
"The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance," said Kris Marszalek, Crypto.com's co-founder and CEO, framing the investment as pushing the industry into "a new era of institutionalization."
Wall Street's crypto land grab"The convergence of traditional financial markets and digital asset infrastructure is an exciting evolution," said Citadel Securities President Jim Esposito, pointing to its potential to improve market efficiency.
A politically connected exchangeAfter Donating $35 Million to Trump PAC, Crypto.com Scores Wins From Regulators
