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Citadel Securities, Virtu Build Crypto Plan With Brokerages

  • Market makers form consortium with Fidelity and Charles Schwab
  • Platform could be available by end of year, or early next year
Virtu Financial Homepage Ahead Of Earnings Figures
Photographer: Tiffany Hagler-Geard/Bloomberg
Updated on

Citadel Securities and Virtu Financial Inc. are building a cryptocurrency trading platform along with retail brokerages Fidelity Investments and Charles Schwab Corp. 

The market makers are developing a crypto offering with help from Fidelity and Schwab that would increase access to digital assets, according to people familiar with the matter, who asked not to be identified discussing the private plans. The product, still in its early development, could be available late this year or early next, the people said.