Citadel Securities, one of the largest market content in the world, plans to jump into cryptographic space. The company plans to become an important liquidity supplier for industry, by cooperating with the main exchanges.
However, basic traders have an intense aversion to the citadel because of its handling in the short GameStop pressure. As this situation develops, it can turn into a major gap between different factions of industry.
Will Citadel transform crypto?
Citadel Securities, an American market with more than $ 62 billion in AUM (active in management), has kept an eye on the crypto market for a few years. He has constantly observed potential FNB gains since 2022 and has become a major institutional investor after approval.
Now, according to a new Bloomberg report, the company wishes to become a liquidity supplier for cryptographic space.
Citadel tries to play a manifest role in the crypto for several reasons, the least of which is the favorable regulatory environment. Since Trump became president, a vague pro-Crypto energy swept away the federal government, and the company plans to capitalize on it.
According to anonymous sources, Citadel wishes to start by obtaining the approval of major exchanges.
However, not everyone is happy with it. During the compression of GameStop 2021 actions, CEO of Citadel, Ken Griffin, played a major role in obtaining Robin to restrict user trading.
Robinhood, a major action trading application, has agreed at the request of Griffin because Citadel deals with a large part of his income. A dry investigation against Robinhood has been abandoned today, contributing to skepticism.
“Ken Griffin and Citadel Securities should become the liquidity supplier for cryptocurrencies. Citadel is so openly corrupt the rigging of the stock market that even the consumer media says that the dry is afraid of them. What could go wrong! claimed the monkeys of Wall Street
After the greatest exchanges in Crypto approved the citadel, the company wishes to create market teams outside the United States. Citadel began to lay the foundations for expansion in Southeast Asia in 2023 and tried to develop regional stock markets in the United States last year.
In other words, Citadel could have a truly revolutionary impact on the cryptography market if its dreams of becoming a liquidity supplier take place. However, this revolution can be unfavorable to the community.
If basic merchants hate the citadel, will it have an impact on trade decisions? Could enough capital simply overwhelm community attitudes? These are all vital questions.
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