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