Citadel Securities' head of business development Jamil Nazarali is set to become CEO of the market maker's crypto venture.
Citadel Securities’ head of business development Jamil Nazarali is set to become CEO of the company’s crypto venture.Jamil Nazarali, the global head of business development for market maker Citadel Securities, is leaving to become CEO of the firm's crypto venture, according to a spokesperson. Bloomberg first reported the news.
Nazarali will head the firm's joint venture with Virtu Financial, Charles Schwab and Fidelity Digital Assets which investors' access to crypto and digital assets. The idea is to create a digital asset trading ecosystem for brokerages, as a source previously told The Block.that it was fair to assume that it will be market-making in crypto in the months to come.in a multimillion-dollar auction for a rare copy of the US Constitution, beating out the crypto group ConstitutionDAO that had rapidly raised funds to fuel the effort.
The company has also made good on its plans to shift its headquarters from Chicago to Miami, a city increasingly becoming known for its crypto-friendly policies. Earlier today, it was reported that the company was behindCitadel Securities is a separate business from Citadel LLC, a hedge fund also founded by Griffin.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Tom is fintech reporter at The Block. Before joining the team, he was an editorial intern at the FT-backed platform Sifted where he reported on neobanks, payment firms and blockchain startups.
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