Once calling crypto a “jihadist call” against the U.S. dollar, Ken Griffin now appears to have embraced the industry after years of skepticism.
Griffin is steering his market-making giant Citadel Securities into crypto trading, ending years of resistance to the digital asset class.
The billionaire first hinted at these plans at the 2025 UBS Financial Services Conference on Feb. 11, with Bloomberg reporting Monday that the firm aims to act as a market maker on Coinbase, Binance, and Crypto.com, citing sources.
Citadel Securities, which processes $503 billion in daily trades, accounting for nearly 35% of all U.S. stock trading volume, is reportedly seeking to establish teams outside the U.S., per the report.
Despite the apparent embrace, Griffin has maintained a degree of skepticism about crypto’s fundamental value proposition.
In December last year, he pointedly responded to an interview with Fortune on why crypto was “exploding” at the time, asking:
