Citi Mulling Bitcoin Futures Trading Service for Selected Institutional Clients

Citigroup, one of the largest banks in the world, is weighing up the launch of Bitcoin (BTC) futures trading offering for selected institutional clients to respond to the rising demand within the crypto space.

The bank is awaiting regulatory approval to begin trading bitcoin futures on the Chicago Mercantile Exchange(CME).

Wanna be the Next Cover Person of Fazzaco Magazine?

"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.

"We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks," she added.

Let's recall that, Citi considered to provide cryptocurrency trading, custody, and financing services in May this year. Then the bank launched a new business unit, Digital Assets Group, a month later.