By Felipe Erazo
Aug 24, 2021
Citigroup Inc, one of the largest banks in the world, is reportedly considering making its inception into the Bitcoin (BTC) futures trading offering for selected institutional clients. According to a spokesperson from the bank cited by Reuters, the plans come in the wake of “increased demand” within the crypto industry.
“Given the many questions around regulatory frameworks, supervisory expectations, and other factors, we are being very thoughtful about our approach. We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks,” a spokeswoman from Citigroup commented in an email. Early today, CoinDesk said – citing an anonymous source – that the bank has been waiting for regulatory approval to begin BTC futures trading on the Chicago Mercantile Exchange (CME).
Read more at:Citigroup Considers the Possibility of Offering Bitcoin Futures Trading