Citadel Securities has committed $400 million to Crypto.com in a deal that values the exchange at $20 billion. The investment marks Crypto.com's first institutional funding round in a decade and follows a similar $200 million stake in rival Kraken last year.
Crypto.com announced the funding on July 16, 2026. The capital will support expansion into tokenized securities, derivatives and other financial products that link digital assets with traditional markets.
Citadel Securities now holds $600 million in announced investments across the two exchanges, each valued at $20 billion. Kraken disclosed its $200 million round on November 18, 2025, and revealed a collaboration that includes liquidity provision and market-structure advice.
Crypto.com provided fewer details on operational ties. The exchange described no equivalent role for Citadel in liquidity or risk management.
Neither deal grants Citadel board seats or control. The investments give the market maker exposure to both platforms as they pursue tokenized assets without committing to a single venue.
