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, with this move being a response to the changing regulatory environment in the US. According to Bloomberg, Citadel is planning to establish a new business unit 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. The company is setting up offshore teams to position the new business unit outside the US. This move signifies a significant shift from Citadel’s previous cautious stance towards cryptocurrencies, despite having invested in institutional trading platforms like EDX Markets. However, the changing regulatory atmosphere in the US has reshaped Citadel’s approach in this area. Particularly, President Donald Trump’s signal of adopting a more friendly regulatory framework towards crypto assets has been influential in this change.