3 finance giants Citadel, Fidelity, Charles Schwab to launch crypto trading platform
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="768" height="509" />)
As the cryptocurrency market continues to expand and become adopted around the world as a valid alternative to traditional assets, major financial corporations are beginning to show interest in jumping on the crypto bandwagon themselves.
In one of the newest such developments, three finance giants – Citadel Securities, Fidelity Investments, and Charles Schab Corp – are joining forces to create a crypto offering that would widen access to digital assets, Reuters reported on June 7.
According to the report citing a source with direct knowledge of the matter, these three financial giants will be joined by Virtu Financial Inc to develop a crypto trading ecosystem that will allow “retail brokerages to offer crypto-executions to their customers.”
Furthermore, the project will also bring in “venture capital firms Sequoia Capital and Paradigm, as well as a few retail brokerages.”
Source
6 comments