Bitcoin
BTC$26 900.03

-0.72%

Ethereum
ETH$1 667.19

0.60%

Tether
USDT$0.999922

-0.02%

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BNB$215.62

0.18%

XRP
XRP$0.534805

5.33%

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USDC$1.000077

-0.02%

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 92% 2 $26 900.03 -0.72% 1.38% $524 536 249 875 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 91.2% 3 $1 667.19 0.60% 4.76% $200 456 859 321 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.999922 -0.02% -0.01% $83 270 117 769 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 96% 2 $215.62 0.18% 2.51% $33 172 815 466 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 89.6% 9 $0.534805 5.33% 4.41% $28 511 729 803 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000077 -0.02% 0% $25 132 883 987 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86% 26 $0.088990 3.76% 6.26% $9 048 152 654 WTRX 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 90.4% 6 $0.062031 1.02% 1.05% $8 759 443 620 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 90.4% 7 $0.249169 -0.11% 2.20% $8 752 932 991 ADA 7 days price change
11 Solana (SOL) SOL Solana predictions 86% 18 $20.26 2.83% 4.73% $8 363 109 994 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 84.4% 22 $0.089512 3.56% 7.38% $7 973 262 569 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 61.2% 84 $2.21 -1.95% -4.23% $7 568 826 083 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 95.6% 1 $0.999857 -0.04% 0.06% $5 347 122 665 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90.4% 7 $4.08 0.11% 1.80% $5 015 443 173 DOT 7 days price change

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