Showing posts with label Citigroup. Show all posts
Showing posts with label Citigroup. Show all posts

Citigroup is working with regulators to start trading bitcoin futures: report


As reported by CoinDesk on August 24, Citigroup is performing the regulatory legwork necessary to start trading CME's bitcoin futures product.

Citing sources with knowledge of the process, CoinDesk said that institutional interest was pushing the banking giant to take up Bitcoin futures trading. Representatives for Citigroup have previously mentioned accumulated institutional interest in crypto trading and custody services. 

Any bitcoin futures trading will almost definitely be limited to institutional clients for the foreseeable future.

Citigroup, one of the world's top banks, has been increasing its cryptocurrency activity in recent months. Citigroup established a new business unit devoted to blockchain and cryptocurrencies in June.

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