Citadel eyes crypto market-making as Ken Griffin softens stance on Bitcoin

The investor and billionaire entrepreneur Ken Griffin said that his business was planning to penetrate the cryptography market, citing a renewal of confidence under the presidency of Donald Trump.

Griffin, the founder and CEO of Citadel LLC, suggested the supply of crypto market manufacturing services and exchange of digital assets after having already expressed doubts about the industry. The founder of Citadel said that the company, the largest market market in the New York Stock Exchange, would be interested in providing liquidity on platforms like Coinbase, according to Bloomberg.

Like many founders focused on technology, Griffin has called for clearer regulations in cryptography under the Trump administration while speaking during the UBS 2025 financial services conference in Florida.

At the same time, he criticized the approach to the “bad regulation by application” adopted by the Biden administration and officials such as Gary Gensler, former president of the Securities and Exchange Commission of the United States.

Citadel has historically avoided the cryptography market, citing regulatory uncertainty. Griffin himself was a strong bitcoin (BTC) skeptical in the past and questioned the global utility of cryptography. However, he and Citadel have gradually moved their position for at least 2022. Shortly before the collapse of the $ 60 billion terra, Griffin suggested that the company would reveal cryptographic operations during the year.

While this plan has finally fallen, Griffin’s position on the crypto has evolved over time. When Bitcoin exceeded $ 100,000 for the first time last December, he admitted that he regretted not entering the market earlier.

However, time has not completely convinced Griffin of crypto merits. “What problem does it solve?” He said at the time, while recognizing the possibility of liquidity of the Citadel cryptography.