Citigroup is contemplating whether or not to supply its greatest shoppers buying and selling in Bitcoin futures as Wall Avenue continues its push into cryptocurrencies.
The banking large is awaiting regulatory approval to start buying and selling CME Bitcoin futures, in accordance with an individual conversant in the matter, who requested to not be recognized discussing inside deliberations.
“Our shoppers are more and more on this area, and we’re monitoring these developments,” Citigroup mentioned in an emailed assertion. “Given the numerous questions round regulatory frameworks, supervisory expectations and different components, we’re being very considerate about our method. We’re presently contemplating merchandise comparable to futures for a few of our institutional shoppers, as these function underneath robust regulatory frameworks.”
Coindesk reported earlier Tuesday that Citigroup is awaiting regulatory approval to commerce CME Bitcoin futures.