Crypto News Today: Citadel Backs Crypto.com at $20 Billion While Pepeto Presale Builds Faster
· tokenwire
AI Briefing
- • Citadel Securities invests $400 million in Crypto.com at $20 billion valuation, its first institutional round in decade.
- • Crypto.com's valuation surges to $20 billion following investment from Wall Street's largest market maker.
- • Crypto.com's Pepeto presale sees significant growth, with investors buying in at a faster rate than expected.
Context
Citadel Securities has invested $400 million in Crypto.com at a valuation of $20 billion. This investment marks the exchange's first institutional round in a decade. The investment comes from a major institution, indicating a shift in the market.
The investment by Citadel Securities matters as it shows that major institutions are taking notice of the crypto market. With a valuation of $20 billion, Crypto.com is gaining significant recognition from Wall Street's largest market maker.
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