Banking big Citigroup has utilized for Bitcoin futures buying and selling

US banking giant Citigroup is currently awaiting approval to trade Bitcoin futures on the Chicago Mercantile Exchange, CoinDesk reported today.

An anonymous source within the bank told CoinDesk that Citigroup is currently grappling with a recent surge in demand for bitcoin engagement from its customers. If approved, Citi would join the ranks of Goldman Sachs and become the second major bank to offer Bitcoin futures trading.

A Citigroup spokesperson wrote to CoinDesk by email: “Our customers are increasingly interested in this area and we are monitoring these developments. In view of the many questions about regulatory frameworks, supervisory expectations and other factors, we are very careful with our approach. “

“We are currently considering products such as futures for some of our institutional clients as they operate under strict regulatory frameworks.”

Citigroup, which is seeking approval to trade Bitcoin futures, is just the latest in a long line of conservative investment institutions to venture into Bitcoin.

Wells Fargo and JPMorgan both recently applied for Bitcoin passive funds. Coinbase recently announced a partnership with one of Japan’s largest traditional banks, Mitsubishi UFJ (MUFG) Financial Group, which will offer its account holders exclusive onboarding on the exchange platform.

In July, the Bank of New York Mellon (BNY Mellon) announced it would support the launch of a new London-based cryptocurrency exchange called Pure Digital, the first major bitcoin trading platform to be backed by a consortium of major banks.

Back then, Jason Vitale, Global Head of Foreign Exchange at BNY Mellon, spoke about the future of Bitcoin at large traditional banks: “Digital assets will only be more embedded in global markets in the years to come, and this collaboration is in line with BNY Mellons broader strategy to develop a digital asset capability for clients across the entire retail lifecycle. “


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Educating Monetary Schooling within the Age of Bitcoin Bitcoin

Educating Monetary Schooling within the Age of Bitcoin

I recently met with a group of high school graduates who are going to...

By wpadminsonic164
Hier ist, warum Bitcoin Ihre Hoffnung im Leben verjüngt Bitcoin

Hier ist, warum Bitcoin Ihre Hoffnung im Leben verjüngt

Ein düsterer Ausblick in die Zukunft ist angesichts der Ereignisse der letzten 18 Monate...

By wpadminsonic164
How Marco Falke maintains the Bitcoin community Bitcoin

How Marco Falke maintains the Bitcoin community

Last week, Bitcoin developer Marco Falke logged his 1,752. Committed to the Bitcoin Core...

By wpadminsonic164
Africa now has the most important quantity of Bitcoin peer-to-peer buying and selling on the planet Bitcoin

Africa now has the most important quantity of Bitcoin peer-to-peer buying and selling on the planet

According to data from the analysis platform UsefulTulips, Africa has developed into the continent...

By wpadminsonic164
Substack E-mail Subscription Platform Provides Bitcoin Lightning Funds Bitcoin

Substack E-mail Subscription Platform Provides Bitcoin Lightning Funds

The independent online publisher Substack, with over half a million subscribers, announced on Monday...

By wpadminsonic164
The Satcomma Commonplace: This Is How You Ought to Look At Bitcoin Bitcoin

The Satcomma Commonplace: This Is How You Ought to Look At Bitcoin

An integer notation scheme for sub-decimal amounts in BitcoinRegardless of what wallet software we...

By wpadminsonic164
How bitcoin mining advanced to take us to the moon Bitcoin

How bitcoin mining advanced to take us to the moon

Bitcoin hasn't even reached its teenage years. When Satoshi published his whitepaper on creating...

By wpadminsonic164
Do you assume you’re late for bitcoin?  Assume once more Bitcoin

Do you assume you’re late for bitcoin? Assume once more

When you first encounter Bitcoin, there is usually a mixture of feelings, actions, and...

By wpadminsonic164

Latest Posts

Educating Monetary Schooling within the Age of Bitcoin Bitcoin

Educating Monetary Schooling within the Age of Bitcoin

I recently met with a group of high school graduates who are going to...

By wpadminsonic164
Hier ist, warum Bitcoin Ihre Hoffnung im Leben verjüngt Bitcoin

Hier ist, warum Bitcoin Ihre Hoffnung im Leben verjüngt

Ein düsterer Ausblick in die Zukunft ist angesichts der Ereignisse der letzten 18 Monate...

By wpadminsonic164
Cardano publishes new all-time excessive and ranks third from Binance Coin – bitcoinist.com Binance

Cardano publishes new all-time excessive and ranks third from Binance Coin – bitcoinist.com

The monster wins for Cardano over the past two weeks have resulted in ADA...

By wpadminsonic164
Prime Cryptocurrency Costs In the present day: XRP, Dogecoin Falling;  Solana wins 16% – Financial Occasions Dogecoin

Prime Cryptocurrency Costs In the present day: XRP, Dogecoin Falling; Solana wins 16% – Financial Occasions

New Delhi: Major cryptocurrencies extended their losses on Friday as investors continued to make...

By wpadminsonic164
EOS, Stellars Lumen, and Trons TRX – Every day Evaluation – Aug 30, 2021 – Yahoo Finance Stellar

EOS, Stellars Lumen, and Trons TRX – Every day Evaluation – Aug 30, 2021 – Yahoo Finance

EOSEOS rose 1.11% on Sunday. EOS partially reversed a 1.58% decline from Saturday and...

By wpadminsonic164
*FAIL* BITCOIN HARD REJECTION + Value TARGET!!! BITCOIN  Value Prediction 2021 // Bitcoin Information At the moment Videos

*FAIL* BITCOIN HARD REJECTION + Value TARGET!!! BITCOIN Value Prediction 2021 // Bitcoin Information At the moment

Bitcoin News Today - *FAIL* BITCOIN HARD REJECTION + Price TARGET!!! BITCOIN Price Prediction...

By wpadminsonic164
🔴 VERRY IMP 🚨 Crypto Large Information  ?Breaking Information about crypto foreign money market  | Bitcoin Replace  | To Videos

🔴 VERRY IMP 🚨 Crypto Large Information ?Breaking Information about crypto foreign money market | Bitcoin Replace | To

VERRY IMP Crypto Big News ?Breaking News about crypto currency market | Bitcoin Update...

By wpadminsonic164
How Marco Falke maintains the Bitcoin community Bitcoin

How Marco Falke maintains the Bitcoin community

Last week, Bitcoin developer Marco Falke logged his 1,752. Committed to the Bitcoin Core...

By wpadminsonic164