Citi Considering Bitcoin Futures Trading for Some Institutional Clients

 Citi Considering Bitcoin Futures Trading for Some Institutional Clients

Citi Considering Bitcoin Futures Trading for Some Institutional Clients

Citigroup is considering offering Bitcoin futures trading for some institutional clients, citing is increasing demand in the crypto currency space.

Given the many questions around regulatory frameworks, supervisory expectations, and other factors, we are being very thoughtful about our approach, a Citi spokeswoman said in an email.
Citigroup is presently considering products such as futures for some of their institutional clients, as these operate under strong regulatory frameworks.

It will interest you to know that Bitcoin price rose past $50,000 after having weathered a crackdown by Chinese authorities on domestic crypto currency mining companies earlier this year, as mainstream adoption by corporations and the wider public gathers pace.

 Citi Considering Bitcoin Futures Trading for Some Institutional Clients

Citigroup is presently considering products such as futures for some of their institutional clients, as these operate under strong regulatory frameworks.

Media outlet Coindesk reported earlier on Tuesday that Citi is awaiting regulatory approval to begin trading bitcoin futures on the Chicago Mercantile Exchange, citing a source within the bank.

Meanwhile, business Insider reported in late July that JPMorgan Chase & Co will allow all of its wealth management clients access to crypto currency funds.
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