Citadel Just Bet $400 Million on Crypto.com — Here’s Why It Matters

Citadel Securities invested $400 million in Crypto.com, valuing the exchange at $20 billion. This is Crypto.com's first institutional funding round in its 10-year history. Funds will go toward expanding tokenized securities, derivatives, and other asset classes. Citadel previously invested $200 million in Kraken at the same $20 billion valuation.