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Citigroup Gearing Up to Trade CME Bitcoin Futures


26 Aug 2021

#Bitcoin

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.”


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# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 56.8% 92 $20 900.56 -2.20% 2.22% $398 755 492 673 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 56.8% 88 $1 202.05 -2.96% 7.07% $145 838 169 594 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.999239 -0.03% 0.02% $66 816 360 124 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 94% 1 $1.000002 -0.04% -0.08% $55 802 722 548 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 61.2% 88 $234.15 -2.25% 8.36% $38 231 653 209 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.001013 0.02% -0.03% $17 406 990 839 BUSD 7 days price change
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13 TRON (TRX) TRX TRON predictions 60% 88 $0.068078 3.77% 11.43% $6 296 975 066 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62% 78 $0.000011 -4.63% 36.14% $6 074 989 804 SHIB 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 54.8% 92 $20 886.28 -2.15% 2.70% $5 526 065 366 WBTC 7 days price change

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