Charles Schwab, Citadel-Backed Startup Is Building Crypto 'Plumbing' for Big Banks

The startup has said it's bringing the best of Wall Street to a technology aimed at replacing it.

• 2023-06-21
• Citadel Securities Charles Schwab institutional investors EDX cryptocurrency exchange Michael Saylor Wall Street institutional demand crypto

Crypto Exchange Backed by Citadel Securities, Fidelity, Schwab Starts Operations

The exchange backed by Citadel Securities, Fidelity Investments and Charles Schwab seeks business from those interested in digital assets but wary of troubles at FTX and Binance.

• 2023-06-20
• Citadel Securities EDX Charles Schwab Fidelity Investments digital assets customer assets

Silvergate Stock Jumps After Firms Reveal Holdings in the Crypto Bank

Silvergate Capital stock was rising Tuesday after several firms disclosed holdings in the crypto bank. Susquehanna Advisors reported in a 13G filing with the Securities and Exchange Commission that it purchased a 7.5% stake, or about 2.37 million shares, in Silvergate (ticker: SI). Citadel Securities also disclosed in a 13G filing that it was a “market maker in the company’s options” and purchased about 1.73 million shares of the crypto bank, a holding of 5.5%.

• 2023-02-15
• Citadel Securities Susquehanna Advisors Silvergate Capital Silvergate options positions