Citadel Securities to Create Ecosystem for Trading Cryptocurrencies

Market maker Citadel Securities, a subsidiary of hedge fund Citadel, has plans to create an “ecosystem” for trading cryptocurrencies, CoinDesk has reported citing sources.

One of the sources has said that partners include high-frequency trading and market-making firm Virtu Financial, as well as venture capital firms Sequoia Capital and Paradigm. According to the source, the list may be expanded with other asset managers and industry leaders.

The source has explained:

“This is more like a trading ecosystem or a marketplace than an exchange.”

He has noted the project will create “more efficient access to deep pools of liquidity.”