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