Citi considering bitcoin futures trading for some institutional clients

NewsAugust 25, 2021

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Citigroup says it is looking at offering Bitcoin futures trading to a number of customers and institutions. In the context of digital assets receiving more and more attention.

Citi considering bitcoin futures trading for some institutional clients

Citigroup is waiting for regulatory approval to begin trading Bitcoin futures contracts on the Chicago Mercantile Exchange (CME), according to a reliable source.

In May, Citi Group considered launching crypto custody and trading services. Amid growing interest among institutional clients in digital assets.

At the time, Itay Tuchman, head of foreign exchange at Citi Group, said that the bank is in no hurry to launch crypto services and will only begin offering products when it is convinced that it will bring money to customers. benefits to customers and is approved by regulatory authorities.

This move continues to show that major banks in the US are starting to show interest in the leading cryptocurrency. In June Goldman Sachs launched a Bitcoin futures trading product for its clients in partnership with crypto investment giant Galaxy Digital.

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