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On Thursday, Crypto.com announced that it has secured a $400 million investment from Citadel Securities.
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This is the first institutional funding round in the company’s 10-year-long journey.
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The cryptocurrency exchange is expanding its operations in various jurisdictions with a regulated footprint.
On July 16, Crypto.com, a leading cryptocurrency exchange, revealed that the company has secured a $400 million “strategic investment” from Citadel Securities.
$400M Citadel Investment Makes Crypto.com Worth $20 Billion
With the latest investment from Citadel Securities, Crypto.com is now valued at $20 billion. This major investment is the first institutional funding round in the company’s 10-year-long journey.
Kris Marszalek, Co-Founder and CEO of Crypto.com, stated in the press release, “We are thrilled to work with Citadel Securities to continue driving the crypto industry into a new era of institutionalization. The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance. Having built the right regulatory and tech infrastructure over the last decade, Crypto.com is now perfectly positioned to capture this new wave of growth across all asset classes.”
According to the official press release, the investment comes as the cryptocurrency industry is witnessing institutionalization, with digital assets increasingly serving as fundamental infrastructure for capital markets.
“The convergence of traditional financial markets and digital asset infrastructure is an exciting evolution with the potential to further improve market efficiency. Crypto.com has built a foundation to support the continued institutionalization of the digital asset market, and we are pleased to collaborate with the Crypto.com team as we help create the capital markets of the future,” Jim Esposito, President of Citadel Securities, said.
Crypto.com Advances Global Expansion with UAE License and Strategic Partnerships
Crypto.com is continuously expanding its boundaries with new partnerships and developments on the platform.
In May, the crypto exchange secured a Stored Value Facilities (SVF) license from the Central Bank of the UAE. This license made it the first Virtual Asset Service Provider in the UAE to secure this license. This license allows users to pay government fees using virtual assets through Crypto.com by making settlements in UAE dirhams or CBUAE-approved dirham-backed stablecoins.
The license has also activated the cryptocurrency exchange’s partnership with the Dubai Department of Finance. Through this partnership, the cryptocurrency exchange is supporting Dubai’s Cashless Strategy, which allows users to pay in crypto with instant conversion to fiat for government accounts. It has received this license after earlier progress, including a 2025 Memorandum of Understanding with Dubai Finance and existing licenses from Dubai’s Virtual Assets Regulatory Authority.
In 2026, Crypto.com also announced many major partnerships, including a world-first UEFA Champions League activation with Fanatics Collectibles. The company has expanded into prediction markets through collaboration with OG Prediction Markets, High Roller Technologies, DraftKings, and others in order to grow event-based prediction markets in the U.S.
Apart from this, it has also extended its partnership in sports and entertainment with UFC and SailGP. It has also extended its payment support with Stripe and Yuno to make crypto payments easy for businesses.
In order to ensure compliance, Crypto.com is also expanding its regulated footprint to boost its offerings without facing any kind of regulatory scrutiny. The company is already holding approvals in various jurisdictions, including Bahrain, Abu Dhabi Global Market, and the Cayman Islands. The cryptocurrency exchange is also in the process of acquiring licenses in other major markets.
Crypto.com is also working on new products. In March, the cryptocurrency exchange introduced IRAs in the U.S., which is the first-ever crypto native mixed asset retirement account offering.
Kris Marszalek, Co-Founder and CEO of Crypto.com, said, “The launch of Crypto.com IRAs is our latest significant step in providing consumers the ability to act on and invest in financial opportunity. We are giving consumers the ability to build their future with the best investment products and opportunities in crypto and stocks, all seamlessly in one place.”
Apart from this, it has also introduced various new products, including perpetual contracts for commodities and indices, Cash Yield programs in Europe, and others.
