E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Bajaj Auto looks to sell Chetak from 75 locations in current fiscal

July 6, 2022

3D Print Your Own Multi-Color Filament

July 6, 2022

Bitcoin Reclaimed $20K Following Extreme Volatility, AVAX Jumps 7% (Market Watch)

July 6, 2022
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
Facebook Twitter Instagram
E Amazings
You are at:Home»Crypto»Citadel, Virtu Join Hands With Schwab and Fidelity on New Crypto Initiative 
Crypto

Citadel, Virtu Join Hands With Schwab and Fidelity on New Crypto Initiative 

Paul EasterBy Paul EasterJune 9, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email



A new crypto marketplace backed by leading retail brokerages and market makers is expected to roll out this year or early 2023. According to sources, the new trading platform can provide a major boost to crypto trading for retail investors.

Partnership for New Crypto Initiative

Market makers Citadel Securities and Virtu Financial have joined hands with retail brokerage firms Fidelity Investment and Charles Schwab to build a cryptocurrency trading platform, media reports said.

“Citadel Securities and other industry leaders are working closely together to create a crypto marketplace that is efficient, transparent, and secure, with agreed upon standards and best practices,” a media coverage quoted an unnamed source familiar with Citadel’s plans.

The new trading platform will enable access to a deep pool of liquidity for digital assets, the source added.

Schwab Made Minority Investment

A Schwab spokeswoman did not confirm the development but said the company is engaged with a new crypto initiative.

“Schwab has made a minority, passive strategic investment in a new digital asset venture,” she informed.

Similarly, Fidelity didn’t confirm the development but reaffirmed its commitment to crypto as an asset class. A spokeswoman for the company said, “Fidelity supports efforts that further efficiency in the digital assets marketplace and provide more optionality to source liquidity for investors.”

Fidelity offers exposure to crypto ETFs and has recently made news for plans to provide access to bitcoin investments through 401 (k) personal pension funds.

Direct Crypto Trading Unlikely

Among the digital asset products it provides to its investors, Schwab offers Bitcoin futures and over-the-counter products of crypto-oriented trusts. However, it’s unlikely for the new trading platform to offer direct crypto trading until a more clear regulatory environment is available.

“We recognize that there is considerable interest in cryptocurrencies, particularly in certain segments of the market, and will consider introducing direct access to cryptocurrencies when there is further regulatory clarity,” the Schwab spokeswoman said.

In October 2021, Citadel’s Founder and CEO Ken Griffin said in an interview that his organization can start crypto trading services if there is regulatory clarity.

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Paul Easter

Related Posts

Bitcoin Reclaimed $20K Following Extreme Volatility, AVAX Jumps 7% (Market Watch)

By Paul EasterJuly 6, 2022

CeDeFi Strategies for Premium Yields

By Paul EasterJuly 6, 2022

After Suspending Withdrawals, Voyager Digital Files for Chapter 11 Bankruptcy

By Paul EasterJuly 6, 2022

Former Head of TikTok Gaming Launches New Startup Focused on Blockchain Games

By Paul EasterJuly 6, 2022
Add A Comment

Comments are closed.

Our Picks

Bajaj Auto looks to sell Chetak from 75 locations in current fiscal

By Paul EasterJuly 6, 2022

3D Print Your Own Multi-Color Filament

By Paul EasterJuly 6, 2022

Bitcoin Reclaimed $20K Following Extreme Volatility, AVAX Jumps 7% (Market Watch)

By Paul EasterJuly 6, 2022
Recent Posts
  • Bajaj Auto looks to sell Chetak from 75 locations in current fiscal July 6, 2022
  • 3D Print Your Own Multi-Color Filament July 6, 2022
  • Bitcoin Reclaimed $20K Following Extreme Volatility, AVAX Jumps 7% (Market Watch) July 6, 2022
  • Stocks to buy: Sanjiv Bhasin picks Wipro, Tata Chemicals, Adani Ports, Coforge for gains today; Here’s why July 6, 2022
  • CeDeFi Strategies for Premium Yields July 6, 2022
  • Oppo Reno 8 Pro, Oppo Reno 8 launch: What to expect on July 18 – price, specifications and more July 6, 2022
  • After Suspending Withdrawals, Voyager Digital Files for Chapter 11 Bankruptcy July 6, 2022
Archives
  • July 2022
  • June 2022
Facebook Twitter Instagram Pinterest TikTok
  • Home
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.