Crypto.com has raised fresh capital for the first time since launching in 2016. The funding will help support the company’s next phase of growth across digital and traditional financial markets – see more details:

• Citadel Securities has invested USD 400 million (ca. EUR 350 million) in Crypto.com, marking the company’s first institutional funding round in its 10-year history. The deal values Crypto.com at USD 20 billion (ca. EUR 17.5 billion). It comes as institutional interest in digital assets continues to grow.
• Crypto.com said the funding will be used to expand into new asset classes, including tokenized securities and derivatives. The company wants to strengthen the connection between traditional finance and digital assets while building a market that operates around the clock. The Crypto.com investment will also support further product and infrastructure development.
• CEO Kris Marszalek said Crypto.com has spent the past decade building the technology and regulatory foundations needed for long-term growth. He said: “The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance.” The company believes it is well placed to serve more institutional clients in the years ahead.
• Citadel Securities said closer ties between traditional financial markets and digital assets could improve market efficiency. President Jim Esposito said the firm looks forward to working with Crypto.com as institutional participation in the sector increases.
• Alongside its expansion into tokenized securities and derivatives, Crypto.com is expected to continue growing its existing prediction markets business. The company already offers regulated event contracts in the US through its CFTC-regulated derivatives platform, a market that increasingly overlaps with traditional sports betting in certain jurisdictions.

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