Citigroup to Enter Bitcoin Futures Market
Main page News, Cryptocurrency
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Aug. 25, 2021

Financial conglomerate Citigroup is awaiting the approval from regulators to launch BTC futures trading on the Chicago Mercantile Exchange (CME), CoinDesk has reported citing sources.

One of them said Citigroup has noted a surge in interest in the largest crypto by market cap from customers in the context of its recent price jump to $50,000.

According to another source, Citigroup is actively hiring staff to join its crypto-focused team in London: He added:

"The team is likely to win approval to begin trading CME bitcoin futures first and then bitcoin exchange-traded notes (ETNs)."

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Citigroup has previously announced it has established a Digital Assets Group within its Wealth Management Division.

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