🌎 Citadel Eyes Crypto Market Amid Regulatory Clarity

Citadel CEO Ken Griffin Eyes Crypto Market Amid Regulatory Clarity Hopes

Billionaire investor and entrepreneur Ken Griffin has expressed interest in entering the crypto market through his company, Citadel LLC, citing renewed confidence under the current presidency. As the founder and CEO of Citadel, Griffin hinted at offering crypto market-making services and digital asset trading, a significant shift from his previous stance on the industry.

A Change of Heart

Griffin, who previously expressed doubts about the cryptocurrency industry, now sees an opportunity for Citadel to provide liquidity on platforms like Coinbase. This move would leverage Citadel’s position as the largest market maker on the New York Stock Exchange. Griffin emphasized the need for clearer crypto regulations during the 2025 UBS Finance Services Conference in Florida.

He criticized the “evil regulation by enforcement” approach taken by the previous administration and officials such as Gary Gensler, former chair of the U.S. Securities and Exchange Commission. Griffin called for a more defined regulatory framework under the current presidency, which he believes would foster a more favorable environment for crypto adoption.

From Skeptic to Potential Participant

Citadel has historically avoided the crypto market due to regulatory uncertainty. Griffin himself was a strong Bitcoin skeptic in the past and questioned the overall utility of cryptocurrencies. However, both he and Citadel have gradually shifted their stance since at least 2022.

Griffin’s evolving stance on crypto is evident in his recent comments. When Bitcoin surged past $100,000 for the first time last December, he admitted regretting not entering the market sooner. Although he still questions the problem that cryptocurrencies solve, Griffin acknowledges the possibility of Citadel servicing crypto liquidity needs.

Key takeaways from Griffin’s comments include:

Citadel is considering entering the crypto market with market-making services and digital asset trading.
Griffin emphasizes the need for clearer crypto regulations to foster a more favorable environment for crypto adoption.
Citadel’s potential entry into the crypto market could provide liquidity on platforms like Coinbase.