What Citadel Securities Gains from VC Cash
- Jan 11, 2022
- #Investment
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One of my favorite crypto newsletters, @theinformation's Crypto Global by @hgmiller29, on Paradigm + Sequoia/Citadel: Paradigm/Sequoia could benefit from the Citadel relationship "in the event that the [SEC] recognizes digital currencies as securities."
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Sequoia Capital and Paradigm’s $1.15 billion investment in Citadel Securities isn’t a garden-variety deal. It actually says a lot about the growing intersection of crypto and traditional finance.On the surface, it’s hard to see why a 20-year-old market maker that’s already a huge name needs VC ...