Skip to Content
Banking Giant Citigroup Filed To Trade Bitcoin Futures
Bitcoin News now admin /

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 second anonymous source told CoinDesk that Citi is hiring people for a “crypto-focused” team in London. The source said, “The team is likely to win approval to begin trading CME bitcoin futures first and then bitcoin exchange-traded notes.”