Coin Market Solution logo Coin Market Solution logo
Seeking Alpha 2021-08-24 16:02:02

Citigroup is said to be preparing to trade CME bitcoin futures

Citigroup (NYSE:C) is said to be awaiting regulatory approval to start trading CME bitcoin (BTC-USD) futures. Citi is recruiting people to join a crypto-focused team in London, according to a Coindesk report. Citi is expected to first trade CME bitcoin futures and then bitcoin exchange-traded notes. Last month, Coindesk reported that Bank of America (NYSE:BAC) will allow trading of bitcoin futures for some of its clients. In June, Goldman Sachs (NYSE:GS) began trading bitcoin futures with Mike Novogratz's crypto merchant bank, Galaxy Digital (OTCPK:BRPHF), in response to increasing pressure from clients who want bitcoin exposure, according to CNBC. Also in June, Citigroup launched a Digital Assets Group within its Wealth Management division and in May, Goldman formed a crypto trading desk.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.