Ken Griffin, the billionaire founder of Citadel Securities, stated that he envisions the company to enter the cryptocurrency market.  Citadel Securities is the leading global market maker who helps meet the liquidity needs of asset managers, banks, broker-dealers, hedge funds, government agencies, and public pension programs.

Citadel Securities provides an automated equities platform, which trades more than 25% of U.S. equities volume across more than 11,000 U.S.-listed securities and trades over 16,000 OTC securities.

Equity in simple terms measures the value of ownership. In other words, it’s how much someone could get paid for selling something they own.  The concept can be applied broadly to entire organizations, or it can be narrowly defined as the market value of an individual item.

Citadel Securities being the global market maker has the power to influence market value trends.  Them making it to the cryptocurrency market is indeed a big move.

Reportedly, Mr Griffin stated, “Given the institutional increase in interest in cryptocurrency, I think it’s reasonable to expect to see us be more involved in the crypto space providing liquidity to institutional and potentially retail investors.”

Mr. Griffin is skeptical about cryptocurrencies.  However, he is trying to live to the reality which makes it clear that “an asset is worth what people perceive it as being the worth.” He further clarified stating, “Why is a painting worth $10 million? It’s oil on canvas. So value is in the eyes of the beholder.”

Citadel Securities are going to focus on providing liquidity to the cryptocurrency market.  It is important to note that Citadel Securities believes that the “cryptocurrency exchange” technology is very important as the exchange is the place that brings buyers and sellers together.

However, it looks like they are not in a hurry to enter the cryptocurrency market as they are looking to ensure very high standards around stuff like anti-money laundering.

Citadel Securities believe in “Making Better Markets for a Better World.” In equities and options, they have been providing lower cost trading to broker-dealers and institutional clients. With FICC they have been delivering liquidity to institutional clients which includes asset managers and broker-dealers. They have been focused and all set to make tommorow’s markets.

Citadel Securities understand the importance of entering modern age by adopting modern concepts of value. Their unique set of capabilities and tools have been focused to drive down the cost of transactions, this helping to meet the liquidity needs of asset managers, banks, broker-dealers, hedge funds, government agencies, and public pension programs.

They continue to strive to provide the most efficient execution and the highest caliber of services, making markets more fair and accessible for all.