Virtu Eyes Role as Wholesale Service for Crypto Brokers

Virtu Financial, a multibillion-dollar market-making firm, is looking to expand its crypto footprint in the coming months, according to a story in The Block news. That dynamic was on display during the FIA Boca futures industry conference in Boca Raton, where numerous crypto-focused firms have decamped to pitch the broader traditional finance space. At the conference, Virtu has staked out an ambitious roadmap for its involvement in the crypto market, eyeing a role as a wholesaler for brokers like Robinhood, the popular trading app. On Wall Street, wholesalers provide large institutions and brokers with flow to support trading for smaller end-clients. Virtu has been market-making on crypto exchanges for some time. The firm has also played a role in market making for financial products tied to crypto.