Citadel Securities leads $400M investment in Crypto.com at $20B valuation

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Crypto.com has secured $400 million in its first-ever institutional funding round, with Citadel Securities among the key investors. The deal values the cryptocurrency exchange at $20 billion. The raised capital is intended to support the platform's expansion into new financial products. Specifically, Crypto.com plans to use the funds to grow its presence in tokenized securities and derivatives markets.

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