{"id":434458,"date":"2026-07-18T01:13:04","date_gmt":"2026-07-17T19:43:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/citadel-backs-two-rival-crypto-exchanges-with-600-million-as-both-chase-the-same-wall-street-prize-crypto-news\/"},"modified":"2026-07-18T02:37:57","modified_gmt":"2026-07-17T21:07:57","slug":"citadel-backs-two-rival-crypto-exchanges-with-600-million-as-both-chase-the-same-wall-street-prize-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/citadel-backs-two-rival-crypto-exchanges-with-600-million-as-both-chase-the-same-wall-street-prize-crypto-news\/","title":{"rendered":"Citadel backs two rival crypto exchanges with $600 million as both chase the same Wall Street prize &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Citadel Securities, the Wall Street market maker, now has $600 million in announced strategic investments across two rival crypto exchanges, each valued at $20 billion.<\/p>\n<p>Crypto.com <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/crypto.com\/en-de\/company-news\/cryptocom-announces-400-million-strategic-investment-from-citadel-securities\">announced its $400 million deal<\/a> on July 16, 2026. Previously, on Nov. 18, 2025, Kraken disclosed an executed agreement for a $200 million investment at the same valuation. Together, the investments give Citadel economic exposure to both venues as they expand beyond crypto trading.<\/p>\n<div class=\"cs-article-embed\"> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/a-100-billion-crypto-listing-stampede-started-by-krakens-stealth-ipo-filing\/\" class=\"cs-article-embed__link\"><\/p>\n<div class=\"cs-article-embed__media\"> <noscript><\/noscript><img class=\"lazyload\" width=\"1024\" height=\"538\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/11\/kraken-ipo-1024x538.jpg\" alt=\"Huge $100 billion crypto listing stampede started by Kraken\u2019s stealth IPO filing\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Huge $100 billion crypto listing stampede started by Kraken\u2019s stealth IPO filing<\/h3>\n<p>The resurgence of crypto IPOs, led by Kraken, reflects a $100 billion opportunity in financial infrastructure.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Nov 20, 2025<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Oluwapelumi Adejumo<\/span><\/p>\n<\/div>\n<p> <\/a><\/div>\n<p>Crypto.com called the deal its first institutional funding round in a decade. It said the capital is expected to accelerate expansion across asset classes, including tokenized securities and derivatives, while connecting digital-asset and traditional markets.<\/p>\n<p>Its ambition reaches beyond its existing <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/crypto-exchanges\/\">crypto exchange business<\/a> toward a broader platform for financial products.<\/p>\n<p>Kraken\u2019s historical financing pointed in the same direction. The exchange said the 2025 raise was to accelerate its strategy to bring traditional financial products on-chain and broaden its offerings beyond crypto. Its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/blog.kraken.com\/news\/800-million-raise-to-advance-strategic-roadmap\">disclosed collaboration with Citadel<\/a> includes differentiated liquidity provision, risk management expertise, and market structure insights.<\/p>\n<div class=\"cs-article-embed\"> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/crypto-exchanges-are-becoming-the-new-distribution-channel-for-wall-street-assets\/\" class=\"cs-article-embed__link\"><\/p>\n<div class=\"cs-article-embed__media\"> <noscript><img width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/wall-street-assets-tokenized-on-crypto-exchange-1024x576.jpg\" alt=\"Crypto exchanges are becoming the new distribution channel for Wall Street assets\" loading=\"lazy\" decoding=\"async\"\/><\/noscript><img class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/wall-street-assets-tokenized-on-crypto-exchange-1024x576.jpg\" alt=\"Crypto exchanges are becoming the new distribution channel for Wall Street assets\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Crypto exchanges are becoming the new distribution channel for Wall Street assets<\/h3>\n<p>Tokenized assets led exchange listings in early 2026 as trading in stock- and commodity-linked crypto products reached record levels.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Jul 13, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Oluwapelumi Adejumo<\/span><\/p>\n<\/div>\n<p> <\/a><\/div>\n<p>The identical $20 billion valuations give Citadel exposure to two rivals chasing much the same multi-asset market.<\/p>\n<p>If tokenized assets and derivatives continue to move through crypto infrastructure, the market maker could gain from that shift without relying on a single exchange.<\/p>\n<div id=\"cs-inline-newsletter-6a5a820c6f152\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\">CryptoSlate Daily Brief<\/span><\/p>\n<h3 class=\"cs-inline-newsletter__title\">Daily signals, zero noise.<\/h3>\n<p class=\"cs-inline-newsletter__copy\">Market-moving headlines and context delivered every morning in one tight read.<\/p>\n<p> <span><i class=\"fa-regular fa-bolt\" aria-hidden=\"true\"\/> 5-minute digest<\/span> <span><i class=\"fa-regular fa-star\" aria-hidden=\"true\"\/> 100k+ readers<\/span><\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__privacy\">Free. No spam. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span>You\u2019re subscribed. Welcome aboard.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>Citadel\u2019s investments do not give it control over either exchange. Neither announcement reveals its ownership stake, board seats, voting rights, or any exclusive commercial terms. Crypto.com also describes no hands-on role matching the liquidity and market-structure work Kraken outlined.<\/p>\n<div class=\"cs-article-embed\"> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/edx-federal-trust-bank-crypto-infrastructure\/\" class=\"cs-article-embed__link\"><\/p>\n<div class=\"cs-article-embed__media\"> <noscript><img width=\"1024\" height=\"683\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/04\/citadel-trading-1024x683.jpg\" alt=\"Citadel Securities and Fidelity just made their clearest move yet to rebuild crypto like Wall Street\" loading=\"lazy\" decoding=\"async\"\/><\/noscript><img class=\"lazyload\" width=\"1024\" height=\"683\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/04\/citadel-trading-1024x683.jpg\" alt=\"Citadel Securities and Fidelity just made their clearest move yet to rebuild crypto like Wall Street\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Citadel Securities and Fidelity just made their clearest move yet to rebuild crypto like Wall Street<\/h3>\n<p>The filing could shift more of crypto trading\u2019s back end into federally supervised hands if institutions follow.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Apr 6, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Liam &#8216;Akiba&#8217; Wright<\/span><\/p>\n<\/div>\n<p> <\/a><\/div>\n<p>The Crypto.com deal is consistent with earlier reported interest. In February 2025, CryptoSlate <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/citadel-eyes-crypto-market-making-expansion-amid-regulatory-shifts\/\">reported that Citadel was preparing<\/a>, subject to exchange approvals, to provide liquidity on Crypto.com and other major exchanges. That report showed plans involving the venue before the investment, not a confirmed bilateral relationship at the time.<\/p>\n<p>Crypto.com\u2019s subsequent disclosures will determine whether the two-deal pattern remains a capital allocation or develops into parallel market-structure roles. A defined liquidity, risk-management, or market-structure mandate would make the operational link clearer and move the relationship closer to the one Kraken described.<\/p>\n<p>Without such a disclosure, the simpler conclusion stands: Citadel has invested in two competitors pursuing the same bridge between crypto and traditional markets.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Citadel Securities, the Wall Street market maker, now has $600 million in announced strategic investments across two rival crypto exchanges, each valued at $20 billion. Crypto.com announced its $400 million deal on July 16, 2026. Previously, on Nov. 18, 2025, Kraken disclosed an executed agreement for a $200 million investment at the same valuation. Together, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":434467,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-434458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=434458"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434458\/revisions"}],"predecessor-version":[{"id":434468,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434458\/revisions\/434468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/434467"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=434458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=434458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=434458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}