Citadel Securities avoids crypto as a consequence of regulatory uncertainty – founder

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Oct 4 (Reuters) – Ken Griffin, founding father of Citadel Securities, one of many world’s greatest market makers, stated the agency doesn’t commerce cryptocurrencies due to the regulatory uncertainties across the digital property.

“I just don’t want to take on the regulatory risk in this regulatory void that some of my contemporaries are willing to take on,” Griffin stated an Economic Club of Chicago occasion.

Reporting by John McCrank in New York

Representations of Bitcoin and other cryptocurrencies on a screen showing binary codes are seen through a magnifying glass in this illustration picture taken September 27, 2021. REUTERS/Florence Lo/Illustration