Citadel-Backed Crypto Exchange

The_Krakenite

The_Krakenite

Citadel-Backed Crypto Exchange Targets November For Soft Launch, January For Official Launch

Citadel's latest exchange project that is going to allow for investing in digital assets and crypto tokens, is almost ready for launch.

The exchange, called EDX Markets, is backed by Charles Schwab, Fidelity Digital Assets, Paradigm, Sequoia Capital, Citadel Securities and Virtu Financial
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https://www.zerohedge.com/markets/c...-november-soft-launch-january-official-launch
 
By the time they get it on nobody is left to "invest", whoever wanted they already did. Not to mention the crypto jumping the shark part.

But I would like to point out an obvious thing what most crypto fan misses. The more retail costumers invest in crypto the more crypto behaves like a high beta stock. AKA it stops being a diversification or hedge because it moves WITH the market. This has already happened like 12-18 months ago, but it is just going to get STRONGER.

So if you want to know which way BTC goes, just make an educated guess which way the market goes...
 
TrAndy2022 said:
...and when Citadel Cryptos exchange got hacked, will they cover the losses then ? The losses can be quite huge. Usually it is only a matter of time of being hacked here.
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I looked up the expression on Webster's online dictionary, even if its not as accurate as the Webster's paper dictionary. ''Rats flee a sinking ship'' comes because animals have keener +earlier senses than most humans:caution::caution:
Maybe they can find an insurance company, but that could be another problem. WHAT if the insurance analysts say like IBKR founder , said of bitcon [aka bitcoin] ''it has no fundamental value''
Strange\ animals seem to sense an earthquake some time before it happens, also.
 
So, do we actually have some serious bears willing to put their money against Ken Giffin?


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I'm going to call out bull-shit once again here... Even Jim Chanos isn't going to short Citadel.
 
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