Citadel Securities invests $400 million in Crypto.com, valuing exchange at $20 billion
CoinDesk 2026-07-16 18:00:00
Context: Citadel Securities has invested $400 million in Crypto.com, a Singapore-based cryptocurrency exchange, valuing the company at $20 billion. This investment marks Crypto.com's first institutional fundraising round since its founding in 2016. The deal reflects a broader shift of traditional finance firms increasing their investments in crypto infrastructure.
Key Facts
- Citadel Securities invested $400 million in Crypto.com, valuing the company at $20 billion, as stated in a press release by the Singapore-based cryptocurrency exchange.
- The $400 million investment will be used by Crypto.com to expand into tokenized securities, derivatives, and other asset classes, as crypto and traditional finance converge.
- Crypto.com, founded in 2016, has grown into one of the world's largest cryptocurrency platforms, expanding into institutional products alongside its retail business.
- The deal comes as digital assets draw greater participation from traditional financial institutions, with tokenized assets emerging as a growing area of focus for the industry.
- Since the introduction of spot bitcoin exchange-traded funds (ETFs) in January 2024, Wall Street firms have increasingly expanded into digital asset trading, tokenization, and custody, according to EY research.