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Citadel, Charles Schwab, Fidelity Join Forces to Build Cryptocurrency Trading Platform – Featured Bitcoin News


Citadel Securities and Virtu Monetary are reportedly constructing a cryptocurrency buying and selling platform with assist from Constancy Investments and Charles Schwab. “We all know there may be vital curiosity on this cryptocurrency house and we’ll look to spend money on companies and applied sciences working to supply entry with a robust regulatory focus and in a safe atmosphere,” mentioned Schwab.

Citadel, Virtu, Constancy, Schwab Constructing Crypto Buying and selling Platform

World market maker Citadel Securities and Virtu Monetary are constructing a cryptocurrency buying and selling platform with assist from retail brokerage giants Constancy Investments and Charles Schwab, Bloomberg reported Tuesday, citing individuals acquainted with the matter.

The crypto product remains to be in its early growth, the individuals mentioned, including that it may very well be obtainable late this 12 months or early subsequent 12 months.

A spokesperson for Schwab, Mayura Hooper, mentioned the brokerage big “has made a minority, passive strategic funding in a brand new digital asset enterprise.” She added:

We all know there may be vital curiosity on this cryptocurrency house and we’ll look to spend money on companies and applied sciences working to supply entry with a robust regulatory focus and in a safe atmosphere.

The spokesperson additional revealed that her firm at present doesn’t have plans to supply direct crypto buying and selling. Nevertheless, she famous that “when there may be additional regulatory readability,” the brokerage agency “will take into account introducing direct entry to cryptocurrencies.”

Citadel Securities founder Ken Griffin mentioned in March that his firm plans to make markets in crypto “over the months to come back.”

A spokeswoman for Constancy, Susan Coburn, instructed the publication that the monetary companies agency “helps efforts throughout the trade that present optionality to supply liquidity for our purchasers.”

Constancy mentioned in April that it’s going to enable bitcoin in 401(ok) accounts. This announcement upset the U.S. Labor Division and several lawmakers.

What do you consider Citadel constructing a crypto buying and selling platform with the assistance of Constancy and Schwab? Tell us within the feedback part beneath.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.




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