Bitcoin
BTC$19 227.94

-0.40%

Ethereum
ETH$1 296.75

-0.90%

Tether
USDT$1.000035

0%

USD Coin
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0.01%

Binance Coin
BNB$287.07

1.74%

XRP
XRP$0.452920

-4.53%

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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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 83.6% 21 $19 227.94 -0.40% 1.89% $368 550 102 144 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62% 83 $1 296.75 -0.90% -0.35% $159 016 820 006 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000035 0% 0% $67 951 782 346 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000046 0.01% -0.01% $47 327 743 633 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 90.4% 14 $287.07 1.74% 4.45% $46 315 016 227 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 59.6% 86 $0.452920 -4.53% -7.95% $22 601 023 472 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 95.2% 1 $1.000499 0.10% 0.04% $21 052 726 484 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 76% 41 $0.423921 -1.75% -5.11% $14 520 624 297 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 84.8% 27 $32.44 -1.07% -0.34% $11 530 506 033 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 86.4% 15 $0.059860 -1.44% -2.73% $7 941 651 926 DOGE 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 63.2% 71 $6.25 -0.66% -0.92% $7 021 416 871 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 95.6% 1 $0.999949 0.04% 0.04% $6 831 991 352 DAI 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 66% 63 $0.773942 0.73% 4.14% $6 759 856 844 MATIC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 90% 5 $0.061029 0.90% 2.75% $6 205 186 084 WTRX 7 days price change

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