Griffin acknowledged that avoiding the crypto market previously was a mistake, especially as Bitcoin's value surged past $100,000.

EDX Markets, which was launched in June 2023, has expanded its offerings from just Bitcoin, Ether, and Litecoin to include additional cryptocurrencies like DOGE, SHIB, Bitcoin Cash, Solana, and XRP.

Investors are advised to closely monitor Citadel's execution of its crypto market-making strategy, as its success could lead to increased institutional inflows and bolster confidence in cryptocurrencies as a legitimate asset class.

In a notable legal dispute, former Terraform CEO Do Kwon accused Citadel of intentionally shorting USTC, although Citadel denied these allegations.

The firm is exploring partnerships with major exchanges such as Binance, Coinbase, and Crypto.com to enhance its liquidity provision in the crypto market.

Citadel Securities is making a significant move into the cryptocurrency market-making space, driven by a regulatory shift favoring digital assets under the Trump administration.

Previously, Citadel had avoided the crypto sector due to regulatory uncertainties, but it has since engaged with the industry by co-founding EDX Markets, a crypto exchange tailored for institutional investors, alongside Charles Schwab and Fidelity.

During the 2025 UBS Financial Services Conference, Citadel's CEO emphasized the necessity for regulatory guidelines to mitigate fraud in the crypto sector, suggesting that legitimate market players can stabilize the market.

EDX Markets was designed to mirror traditional financial markets, addressing concerns about transparency and market integrity in crypto trading.

Citadel's entry into the crypto market could result in tighter bid-ask spreads and increased market stability, potentially encouraging other traditional market participants to adopt crypto strategies.

The future of Citadel's market-making activities will largely depend on the clarity of the regulatory environment in the U.S. over the coming months.

Citadel has faced scrutiny in the past due to its controversial partnership with Terraform Labs, particularly following the collapse of the TerraClassicUSD stablecoin.