Crypto.com has announced a $400m investment from Citadel Securities to give the Singapore-based crypto exchange a $20bn valuation.
The investment marks the first institutional funding round in the decacorn’s history.
Bosses said the capital injection would support Crypto.com’s “expansion into all asset classes, including tokenised securities and derivatives”.
The company said this expansion would allow it to bridge “the gap between digital asset and traditional markets to create a more efficient 24/7 financial ecosystem”.
Crypto.com debuted sports event contracts in December 2024, becoming the first exchange to venture into the now exploding vertical.
The likes of Kalshi, Robinhood and online sports betting giants FanDuel and DraftKings followed suit in 2025.
Crypto.com also provides prediction markets contracts to several partners, including DraftKings, Underdog, Fanatics, FanDuel and High Roller.
Crypto.com was also tapped by Trump Media and Technology Group, the parent company of social medial platform Truth Social, to launch a prediction markets product.
The company also spun out its own B2C product, OG.com, in February. Former MD of sports and prediction markets Chris Fargis departed this week.
Founded in 2016, Crypto.com is one of the world’s largest crypto exchanges. The business also counts Formula 1, the UFC and the Champions League as official partners.
The group’s new $20bn valuation is dwarfed by Coinbase’s market cap of $42bn. Binance, the world’s largest crypto exchange, handles $65bn in average daily trading volume.
In May, Kalshi sealed a $1bn Series F funding round to take the New York-based business’ valuation to $22bn.
The Financial Times has reported Kalshi is looking to secure a fresh valuation of $40bn before the end of 2026. CEO Tarek Mansour has also hinted at an IPO for the company.
Kris Marszalek, Crypto.com CEO, said: “We are thrilled to work with Citadel Securities to continue driving the crypto industry into a new era of institutionalisation.
“The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance.
“Having built the right regulatory and tech infrastructure over the last decade, Crypto.com is now perfectly positioned to capture this new wave of growth across all asset classes.”
Jim Esposito, Citadel president, added: “The convergence of traditional financial markets and digital asset infrastructure is an exciting evolution with the potential to further improve market efficiency.
“Crypto.com has built a foundation to support the continued institutionalisation of the digital asset market, and we are pleased to collaborate with the Crypto.com team as we help create the capital markets of the future.”
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Citadel provides fresh funding for crypto giant, as management plan to invest in all asset classes, including prediction markets
The post Crypto.com secures $400m investment to land $20bn valuation first appeared on EGR Intel.