Crypto exchanges have more and more positioned themselves as bridges between digital asset markets and conventional finance.
Crypto change Crypto.com on Thursday introduced it has secured a $400 million funding from international market maker Citadel Securities at a $20 billion valuation.
The funding comes amid rising institutional demand for tokenized real-world belongings, together with stablecoins and tokenized shares. Crypto exchanges have more and more positioned themselves as bridges between digital asset markets and conventional finance.
The funding is anticipated to assist Crypto.com’s enlargement throughout “all asset lessons,” together with tokenized securities and derivatives, the corporate mentioned in a press release Thursday.
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