Citadel Securities, led by billionaire Ken Griffin, is planning to expand into cryptocurrency trading by becoming a liquidity provider on major exchanges such as Coinbase, Binance, and Crypto.com. This move follows a more favorable regulatory environment under President Donald Trump's administration, which has pledged to make the U.S. the 'crypto capital of the planet.' The firm, managing $64 billion in assets under management and responsible for 35% of hedge fund stock trading, aims to initially establish market-making teams outside the U.S. This strategic expansion is influenced by Trump's pro-crypto policies and the appointment of Hester Peirce to lead a crypto task force, moves that Griffin has praised while criticizing the former Biden administration's 'regulation by enforcement' approach. Citadel's entry into the crypto market is anticipated to increase institutional participation in the sector, following competitors like Jane Street and Jump Trading. The firm's previous collaboration with Charles Schwab and Fidelity to launch EDX Markets, an institutional-only crypto exchange, reflects its approach to integrating traditional financial market structures into the crypto space.