Citigroup Gearing Up to Trade CME Bitcoin Futures
U.S. banking giant Citigroup (NYSE: C) is awaiting regulatory approval to begin trading bitcoin (BTC, -3.36%) futures contracts on the Chicago Mercantile Exchange (CME), according to a source within the bank who asked to remain nameless. The bank is said to be fielding a surge in client demand for cryptocurrency exposure as bitcoin again mounts a climb toward $50,000. Citi, which is still working through the necessary regulatory approvals, would join fellow megabank Goldman Sachs in offering bitcoin futures trading.
A second person familiar with cryptocurrency derivatives markets said Citi is actively recruiting people to join a crypto-focused team in London, adding: “The team is likely to win approval to begin trading CME bitcoin futures first and then bitcoin exchange-traded notes (ETNs).” “Given the many questions around regulatory frameworks, supervisory expectations and other factors, we are being very thoughtful about our approach,” a Citigroup spokesperson told CoinDesk via email. “We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks.”
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 83.6% | 21 | $19 227.94 | -0.40% | 1.89% | $368 550 102 144 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 62% | 83 | $1 296.75 | -0.90% | -0.35% | $159 016 820 006 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.000035 | 0% | 0% | $67 951 782 346 |  |
|
| 4 |  USDC |
USD Coin predictions | 93.6% | 1 | $1.000046 | 0.01% | -0.01% | $47 327 743 633 |  |
|
| 5 |  BNB |
Binance Coin predictions | 90.4% | 14 | $287.07 | 1.74% | 4.45% | $46 315 016 227 |  |
|
| 6 |  XRP |
XRP predictions | 59.6% | 86 | $0.452920 | -4.53% | -7.95% | $22 601 023 472 |  |
|
| 7 |  BUSD |
Binance USD predictions | 95.2% | 1 | $1.000499 | 0.10% | 0.04% | $21 052 726 484 |  |
|
| 8 |  ADA |
Cardano predictions | 76% | 41 | $0.423921 | -1.75% | -5.11% | $14 520 624 297 |  |
|
| 9 |  SOL |
Solana predictions | 84.8% | 27 | $32.44 | -1.07% | -0.34% | $11 530 506 033 |  |
|
| 10 |  STETH |
Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 86.4% | 15 | $0.059860 | -1.44% | -2.73% | $7 941 651 926 |  |
|
| 12 |  DOT |
Polkadot predictions | 63.2% | 71 | $6.25 | -0.66% | -0.92% | $7 021 416 871 |  |
|
| 13 |  DAI |
Dai predictions | 95.6% | 1 | $0.999949 | 0.04% | 0.04% | $6 831 991 352 |  |
|
| 14 |  MATIC |
Polygon predictions | 66% | 63 | $0.773942 | 0.73% | 4.14% | $6 759 856 844 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 90% | 5 | $0.061029 | 0.90% | 2.75% | $6 205 186 084 |  |
