Citadel Securities invests $400 million in Crypto.com, valuing exchange at $20 billion
The exchange’s first institutional funding round values it at $20 billion and will fund expansion into tokenized securities and derivatives.
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Summary
- Citadel Securities invested $400 million in Crypto.com, valuing the company at $20 billion.
- The deal marks Crypto.com’s first institutional fundraising round since its founding in 2016.
- Crypto.com said it will use the capital to expand into tokenized securities, derivatives and other asset classes as crypto and traditional finance converge.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
