The funding values Crypto.com at US$20 billion and marks the company's first institutional investment round.
Crypto.com has secured a US$400m strategic investment from Citadel Securities, valuing the cryptocurrency platform at US$20 billion. The investment comes as institutional participation in the crypto market continues to grow The investment is the first institutional funding round in Crypto.com's 10-year history. Crypto.com plans to use the funding to support its expansion across multiple asset classes, including tokenised securities and derivatives, as it continues to develop services