Banking Giant Citigroup Filed To Trade Bitcoin Futures
U.S. banking giant Citigroup is awaiting approval to begin trading Chicago Mercantile Exchange Bitcoin futures.The U.S. banking giant Citigroup is currently awaiting approval to begin trading Chicago Mercantile Exchange Bitcoin futures, CoinDesk reported earlier today. An anonymous source within the bank told CoinDesk that Citigroup is currently dealing with a recent uptick in demand for Bitcoin exposure among their clients. If approved, Citi would join the ranks of Goldman Sachs, and become the second major bank to offer Bitcoin futures trading.A spokesperson for Citigroup wrote to....
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Citigroup is reportedly awaiting regulatory approval to start offering bitcoin futures trading to its clients. “We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks,” said Citigroup. Citigroup Awaits Regulatory Approval to Trade Bitcoin Futures Citigroup Inc. is reportedly considering whether to offer its biggest clients trading in bitcoin futures, Bloomberg reported Tuesday. “Our clients are increasingly interested in this space, and we are monitoring these....
Michael Corbat's multinational banking giant has been calling digital currency all but inevitable since 2014.
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help the company find “potential financing.”
Sources Say Celsius Is Looking for Help From Citigroup
Three days ago, Bitcoin.com News reported on the crypto lending company Celsius halting withdrawals and the speculation and rumors that surrounded the firm. Speculators believe the....
Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession.
Citigroup’s CEO on Global Recession
Citigroup CEO Jane Fraser warned about the health of the global economy Friday, Reuters reported. Citi is the third-largest and most globally-focused U.S. bank.
Speaking at an investor conference in New York, she talked about how “the three Rs” are affecting the global economy, stating: “It’s rates, it’s Russia, and....
Citigroup says bitcoin is at a tipping point and the cryptocurrency could become “the currency of choice for international trade.” The firm wrote in a report that “we could be at the start of massive transformation of cryptocurrency into the mainstream.” Bitcoin Is at the Tipping Point, Citi Says Citigroup’s Global Perspectives & Solutions (GPS) team released a 108-page report Monday entitled “Bitcoin At the Tipping Point.” The Citi GPS report explains that “the biggest change with bitcoin is the shift from it being primarily a....