The post Ken Griffin Considers Citadel’s Possible Entry into Crypto Trading Amid Regulatory Discussions appeared on BitcoinEthereumNews.com.

Ken Griffin, CEO of Citadel LLC, is shifting his stance on cryptocurrency, revealing plans for his firm to venture into crypto trading during a recent financial conference. This pivotal decision underscores a growing acceptance of digital currencies among traditional financial institutions amid changing regulatory landscapes. Griffin, previously a vocal cryptocurrency skeptic, now advocates for regulatory frameworks to ensure market stability, stating, “We’ve seen time and time again in markets where your tier one players are allowed to participate are actually markets that clean themselves up.” Explore Ken Griffin’s surprising pivot towards cryptocurrency trading as Citadel LLC plans to enter the crypto market amid evolving regulations and industry acceptance. Citadel’s Strategic Entry into the Cryptocurrency Market At the 2025 UBS Financial Services Conference in Key Biscayne, Florida, Ken Griffin announced that Citadel LLC will enter the cryptocurrency trading sphere. This decision comes as a remarkable shift for Griffin, who has openly criticized cryptocurrencies in the past. Notably, he labeled bitcoin as “a jihadist call” against the dollar, reflecting a deep skepticism that has persisted until recently. Griffin’s newfound interest appears to align with broader trends in the financial sector, where major players are increasingly recognizing the potential of digital currencies. Furthermore, he believes that establishing regulatory guidelines is crucial to combat fraud and facilitate the entry of banks and asset managers into the market. Regulatory Perspectives and Market Maker Roles Griffin emphasized the importance of regulatory clarity, arguing that markets function more effectively when top-tier participants are allowed to partake. He stated, “so I’d like to see that happen in the cryptocurrency space, and that would be great regulatory guidance to give.” This perspective suggests that Griffin sees a potential for significant improvement in market integrity through institutional engagement. As the largest market maker on the New York Stock Exchange, Citadel’s…

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Filed under: News - @ February 24, 2025 9:22 pm