Crypto.com reaches $20bn valuation following $400m investment from Citadel Securities

Crypto.com has recently completed its first institutional funding round since 2016 when the operator was first founded, securing a $400m investment from Citadel Securities at a $20bn valuation. 

“We are thrilled to work with Citadel Securities to continue driving the crypto industry into a new era of institutionalization,” Crypto.com Co-Founder and CEO Kris Marszalek said. 

“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.”

The operator confirmed intentions to use the funds from Citadel Securities’ recent investment to support its expansion into tokenized securities and derivatives.

A $20bn valuation would place Crypto.com between Kalshi’s recent $22bn valuation and the projected $12-15bn for Polymarket, while the $400m investment from Citadel Securities follows the firm’s $200m funding for Kraken and $500m investment round with Ripple. 

Kalshi unveiled its previously reported $22bn valuation following a $1bn Series F funding round in May – led by Coatue – with Co-Founder and CEO Tarek Mansour stating prediction markets are “still in the early stages.”

Along with the valuation, Kalshi reported its institutional trading volume had reached $178bn as of April 2026, representing an 800% increase over the previous six months.

In February, Crypto.com launched its independent prediction markets platform, OG, offering bettors event contracts registered under the Commodity Futures Trading Commission (CFTC). 

OG is powered by Crytpo.com and Derivates North America, a CFTC-registered exchange and clearinghouse serving as an affiliate of Crypto.com, and includes event contracts on sports, entertainment, finance, politics, culture and entertainment.