Crypto.com Lands $400M from Citadel Amid Crypto Funding Slump

Crypto.com has secured $400 million in funding from Citadel Securities, valuing the exchange at $20 billion. This marks the first institutional capital raised by Crypto.com since its launch in 2016.

The funds will be used to support expansion into new markets, including tokenized securities and derivatives. According to Jim Esposito, President of Citadel Securities, this convergence of traditional finance and digital assets represents an 'exciting evolution' with potential to increase market efficiency.

Notably, this investment is not Citadel's only foray into the crypto space. In November 2025, they invested $200 million in Kraken at a valuation of $20 billion.

Crypto funding as a whole has hit its lowest level since 2020. According to CryptoRank, June saw only 61 funding rounds, down 31.5% from May's 89 deals and 72% below the record set in March 2022.