Sunday, September 25, 2022
HomeBTCCitadel is all set to enter cryptocurrency space: CEO Ken Griffin

Citadel is all set to enter cryptocurrency space: CEO Ken Griffin

Ken Griffin, the CEO and founder of financial services business Citadel, indicated the company’s intentions to enter the cryptocurrency market.

The billionaire businessman has long been a sceptic of bitcoin. He had previously referred to the rush to accept cryptocurrency as a “jihadist call” against the dollar. He told CNBC in 2017 that bitcoin has “many of the components of the tulip bulb bubble.”

Griffin made news last November when he paid $43.2 million for a rare copy of the United States Constitution at a Sotheby’s auction, beating out Constitution DAO.

Citadel, which was founded in 1990, has two main operations. The first is Citadel, which is one of the world’s largest hedge funds, with over $38 billion in assets under management. Citadel Securities, on the other hand, is a significant market maker in stocks, options, and interest rate swaps for both individual and institutional clients. The business conducts 40% of all stock dealings in the United States.

What do you think about the company’s vision of entering the cryptocurrency space? Comment below.

Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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