Sources: Citadel Securities is building a crypto marketplace with help from Sequoia Capital and Paradigm
Citadel Securities, one of the world's leading market makers, is teaming up with High-frequency trading and market making firm Virtu Financial, CoinDesk reported On June 8, citing people familiar with the matter. Build a "cryptocurrency trading ecosystem" with the help of Sequoia Capital and Paradigm. Citadel Securities will also work with other wealth managers, market makers and other industry leaders to facilitate safe, clean, compliant and secure trading of digital assets, with the aim of creating a more efficient deep liquidity pool for digital assets.
Sequoia Capital led Citadel Securities' $1.15 billion financing at a $22 billion valuation on January 11, BlockBeats previously reported. Paradigm, Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund participated.