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

Aug 24, 2021 | The Block News | 0 comments

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

For the foreseeable future, any bitcoin futures trading will almost certainly be limited to institutional clients. 

One of the largest banks in the world, Citigroup has been ramping up its cryptocurrency activities in recent months. In June, Citigroup launched a new business unit focusing on blockchain and cryptocurrencies.

 

© 2021 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.

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