Citadel backs two rival crypto exchanges with $600 million as both chase the same Wall Street prize
Citadel Securities, the Wall Street market maker, now has $600 million in announced strategic investments across two rival crypto exchanges, each valued at $20 billion. Crypto.com announced its $400 million deal on July 16, 2026. Previously, on Nov. 18, 2025, Kraken disclosed an executed agreement for a $200 million investment at the same valuation. Together,…