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.”
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 60% | 84 | $22 748.42 | -4.43% | -1.03% | $438 528 750 557 | ||
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2 | ![]() |
Ethereum predictions | 61.2% | 84 | $1 555.97 | -5.37% | -4.64% | $190 410 100 470 | ||
3 | ![]() |
Tether predictions | 92% | 1 | $1.000091 | -0.01% | -0.01% | $67 782 188 972 | ||
4 | ![]() |
Binance Coin predictions | 67.2% | 66 | $305.29 | -4.06% | -0.25% | $48 206 368 616 | ||
5 | ![]() |
USD Coin predictions | 94.4% | 1 | $1.000104 | 0% | 0% | $42 774 029 954 | ||
6 | ![]() |
XRP predictions | 65.6% | 68 | $0.394073 | -4.81% | -8.21% | $20 020 347 586 | ||
7 | ![]() |
Binance USD predictions | 93.6% | 1 | $1.000046 | 0% | -0.05% | $15 376 714 266 | ||
8 | ![]() |
Cardano predictions | 66.4% | 76 | $0.370078 | -6.38% | -1.58% | $12 802 371 557 | ||
9 | ![]() |
Dogecoin predictions | 68.4% | 68 | $0.086874 | -3.56% | -1.95% | $11 525 647 573 | ||
10 | ![]() |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
11 | ![]() |
Polygon predictions | 61.2% | 77 | $1.080803 | -7.72% | 8.31% | $9 440 078 218 | ||
12 | ![]() |
Solana predictions | 59.2% | 91 | $23.78 | -9.76% | -2.17% | $8 837 591 941 | ||
13 | ![]() |
Polkadot predictions | 61.6% | 85 | $6.14 | -7.15% | -8.34% | $7 079 379 038 | ||
14 | ![]() |
Litecoin predictions | 69.6% | 63 | $90.37 | -6.80% | -0.09% | $6 522 048 437 | ||
15 | ![]() |
Wrapped TRON predictions | 64.4% | 71 | $0.062280 | -2.40% | -0.82% | $6 332 388 858 |
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