Hedge Fund’s Crypto U-Turn?

Hedge Fund’s Crypto U-Turn?

Hedge Fund’s Crypto U-Turn?

Citadel Securities, the big boy on the financial playground with a whopping $65 billion in assets (that’s a lot of money, people!), apparently wants to join the crypto party. Bloomberg spilled the tea 🍵, saying the Miami-based firm is thinking about becoming a market maker for some well-known crypto exchanges, like Coinbase.

First, they’re going to dip their toes in the water outside the US, probably somewhere with less regulatory scrutiny than, say, a kindergarten classroom 😜. Apparently, Citadel’s Ken Griffin admitted last year that he was completely wrong about crypto (shocker, right?). He even went on record saying he didn’t get crypto. Maybe he was just busy counting his money.

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2025-02-24 22:03