Citigroup Will Allow Clients To Trade Bitcoin Futures – Bits Media

American banking giant Citigroup awaits regulatory approval to enable clients to trade bitcoin futures on the Chicago Mercantile Exchange (CME).

As reported
sources of Coindesk edition, the bank's clients have noticeably increased interest in such products against the backdrop of a bitcoin exchange rate of $ 50,000. Citibank is also actively looking for specialists in the field of cryptocurrencies and cryptocurrency derivatives for his team in London.

"Most likely, First, CITI will receive approval to launch trade in Bitcoin futures, and then the launch of cryptocurrency exchange index bonds (ETN)», - gives the publication the word source.

Representatives of Citigroup assured, that the bank is extremely careful about the launch of cryptocurrency products and works closely with regulators:

“Now we are considering the possibility of providing access to such products, Like futures, For some of our institutional investors, Since these products work under strict supervision of regulators ".

Another large American bank Goldman Sachs has provided
customers access to Bitcoin derivatives in May this year. Besides, The bank plans to launch such products on the air.

Previously reported, that Citigroup is developing its own cryptocurrency platform, which will keep digital assets and trade in them.