Crypto.com Secures $400M From Citadel While Crypto Funding Hits Lowest Since 2020

Citadel Securities has invested $400 million in Crypto.com, valuing the exchange at $20 billion. It is the first institutional capital the platform has raised since launching in 2016. The check stands out against a sharp pullback in crypto fundraising. Deal counts have collapsed even as a few large platforms continue to attract nine-figure investments. Citadel