Kenny g aka, ken griffin of citadel and citadel securities is back at it again, but this time he doesn't just want to mess with the equities market or the options market, he is setting his sights on messing with the crypto market. Here's what you need to know ken griffin citadel securities is reportedly creating a crypto trading marketplace in a joint effort to increase liquidity. This is one of those things that i'm at not at all happy with, because he was increasing liquidity for the world of equities and look where it got us a horrific. I guess scenario you could call it with payment for order flow when the incentives are questioned.

So much that gary gensler is literally speaking today about potentially ending it and him with that weird little awkward smile is looking to pull it off again to me, he realized how much money he could be made. He doesn't even like crypto and yet now he completely switches like when you're like whoa wait. I can make how many of billions a year uh so he's quickly switching his tune on it and either he wants to make more money or he's trying to. I guess protect his business in case payment for order flow in equities goes to the wayside.

Whatever it is, ken griffin is attempting to wash rent's repeat of being the liquidity provider of doing being the wholesaler the market maker. Whatever you want to call it, he already does it for equities already. Does it for options looking to now, do it with crypto, but there's actually an interesting twist on this one citadel securities, the market maker, owned by billionaire ken griffin, is building a cryptocurrency trading marketplace. In a joint effort with a high frequency trading firm citadel securities, a sister company to the hedge fund giant citadel is working with virtu financial, as well as with venture capital firms to coil capital and paradigm.

So the virtu financial, that's interesting because in the world of equities, that's the number two market maker, so literally we're in a scenario where the number one and two market maker for equities who together probably control 75 ish percent depending on the day the week the month. That type of a thing, the number one and two, the people who have a duopoly on market making in equities are pairing up together to tag team it in the world of crypto. The work on a cryptocurrency trading ecosystem is aimed at creating more efficient access to deep pools of liquidity for digital asset. Crypto has been one of the great great stories in finance over the course of roughly the last 15 years.

I'll be clear. I've been in the naysayer camp over that 15-year period and then, basically, someone said: hey dude uh. You know what you've done for equities and options. You could probably make billions more with crypto he's like sign me up.

I don't know if this is something that, from like a legal perspective could be stopped like he is so wealthy and have so much power, especially when you pair him up with virtue. I don't think this will be stopped. I just wanted to bring it to all of your attention, because this is what we've already learned in the world of options and equities, and now we're going to see it in the world of crypto. So i needed to bring it to your attention.

So once again, you know where you're trading understand where your trades are being placed where they aren't being placed, what does it mean for you as a retail trader or investor, and obviously let me know your thoughts.