Cryptocurrencies
Citadel Securities’ Silicon Valley Funding Hints at Crypto
- Trading firm’s billionaire founder had been a crypto skeptic
- Investors Sequoia, Paradigm have digital-asset interests
This article is for subscribers only.
Citadel Securities LLC’s pursuit of Silicon Valley funding may be as much about billionaire Ken Griffin’s firm finally embracing cryptocurrencies as it is about raising money.
The Chicago-based electronic market maker revealed a $1.15 billion investment from Sequoia Capital and Paradigm, two venture capital firms with extensive interests in crypto, hinting at Citadel Securities’ potential entry into the space via firms that can help it gain expertise.