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 | 78.4% | 33 | $62 454.95 | -1.43% | -1.93% | $1 234 400 470 283 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 78.8% | 43 | $2 427.77 | -2.24% | -7.93% | $292 253 244 251 |  |
|
| 3 |  USDT |
Tether predictions | 91.6% | 1 | $0.999722 | -0.01% | 0.01% | $119 823 961 775 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78% | 35 | $564.29 | -1.59% | -2.62% | $82 348 610 201 |  |
|
| 5 |  SOL |
Solana predictions | 74.4% | 45 | $143.43 | -3.63% | -7.68% | $67 308 122 110 |  |
|
| 6 |  USDC |
USD Coin predictions | 94% | 1 | $0.999957 | 0% | 0% | $35 319 753 958 |  |
|
| 7 |  XRP |
XRP predictions | 75.6% | 43 | $0.529988 | -1.90% | -14.69% | $29 978 288 460 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 79.6% | 32 | $0.107825 | -5.11% | -8.48% | $15 772 295 954 |  |
|
| 9 |  TRX |
TRON predictions | 95.2% | 1 | $0.155916 | 1.20% | -0.39% | $13 498 686 374 |  |
|
| 10 |  TON |
Toncoin predictions | 84.4% | 31 | $5.17 | -3.07% | -10.67% | $13 111 256 672 |  |
|
| 11 |  ADA |
Cardano predictions | 77.6% | 38 | $0.351628 | -3.17% | -7.87% | $12 293 301 283 |  |
|
| 12 |  AVAX |
Avalanche predictions | 68% | 60 | $26.52 | -2.92% | -6.51% | $10 780 122 601 |  |
|
| 13 |  STETH |
Lido stETH predictions | 95.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 96% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 55.6% | 94 | $0.000017 | -6.05% | -6.13% | $10 168 882 764 |  |
