Citadel Securities, one of the largest market makers in the US, is preparing to expand its role in the crypto market. The company is said to be creating offshore teams to provide liquidity to major exchanges, in response to changes in the regulatory environment in the US. According to Bloomberg, the company is planning to establish a new business line to provide liquidity to crypto exchanges. The report reveals that Citadel aims to conduct market-making activities on major exchanges such as Coinbase, Binance, and Crypto.com. By setting up offshore teams to position its new business line outside the US, the company’s move signals a significant shift from its previous distant stance on cryptocurrencies. Despite having invested in institutional trading platforms like EDX Markets, Citadel had refrained from directly entering market-making activities in the crypto space. However, the changing regulatory atmosphere in the US has reshaped Citadel’s approach to this sector. In particular, signals of a more crypto-friendly regulatory framework from US President Donald Trump have been influential in this shift.