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Market-making giant Citadel Securities shuns cryptocurrencies

Cryptocurrencies like bitcoin continue to fight for acceptance in mainstream finance

Thursday, 8 March 2018 at 00:01

Market-making giant Citadel Securities shuns cryptocurrencies
Photo: Getty Images

One of the world’s leading market-making firms has decided that trading in bitcoin and other cryptocurrencies is too risky, underlining the assets' struggle for acceptance in mainstream finance.

Citadel Securities is avoiding the market for digital currencies due to security concerns and fears of a bitcoin bubble that could burst at any time, according to a person with direct knowledge of the firm's thinking.