Citi to Launch a Crypto Trading and Custody Service
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Main page News, Banking, Cryptocurrency
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7 May
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Citigroup, the world's largest financial services firm headquartered in New York, has just announced it is exploring the possibility of launching crypto trading, custody and financing services, the Financial Times has learned.

According to Itay Tuchman, global head of foreign exchange at Citi, the bank had seen a "very rapid" accumulation of interest in Bitcoin from large clients since August. In particular, he said:

"There are different options from our perspective and we are considering where we can best service clients."

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However, the bank seems to be in no hurry to launch this new service, as it will only make the leap to cryptocurrencies once it is able to offer something that is beneficial to customers and does not encounter any obstacles from regulators.

More and more major actors in the banking sector are starting to offer services related to cryptos. Thus, it has recently been known that giants such as Goldman Sachs, Morgan Stanley and Bank of New York Mellon have begun to offer cryptocurrency-related services to their clients.

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