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 | 77.6% | 42 | $57 397.14 | 5.51% | -0.13% | $1 084 001 374 692 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 78.8% | 32 | $4 325.04 | 6.69% | 3.38% | $512 656 495 446 |  |
|
| 3 |  BNB |
Binance Coin predictions | 73.6% | 53 | $609.29 | 4.33% | 7.07% | $101 630 227 689 |  |
|
| 4 |  USDT |
Tether predictions | 96% | 1 | $1.000997 | 0.02% | -0.01% | $73 194 134 956 |  |
|
| 5 |  SOL |
Solana predictions | 69.2% | 65 | $203.84 | 7.44% | -8.23% | $61 976 513 439 |  |
|
| 6 |  ADA |
Cardano predictions | 68.8% | 60 | $1.59 | 5.99% | -11.72% | $52 852 892 795 |  |
|
| 7 |  XRP |
XRP predictions | 74.8% | 51 | $0.987767 | 7.45% | -5.41% | $46 582 102 093 |  |
|
| 8 |  USDC |
USD Coin predictions | 91.2% | 2 | $0.998878 | -0.13% | -0.10% | $38 347 542 030 |  |
|
| 9 |  DOT |
Polkadot predictions | 62.4% | 75 | $36.25 | 8.95% | -9.51% | $35 798 276 399 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 61.6% | 74 | $0.205694 | 2.60% | -7.52% | $27 214 125 290 |  |
|
| 11 |  AVAX |
Avalanche predictions | 62% | 75 | $112.35 | 3.84% | -16.51% | $25 147 340 195 |  |
|
| 12 |  SHIB |
SHIBA INU predictions | 63.2% | 77 | $0.000039 | 3.61% | -9.86% | $21 537 353 661 |  |
|
| 13 |  CRO |
Crypto.com Chain predictions | 57.2% | 90 | $0.766272 | 1.87% | 10.94% | $19 358 331 922 |  |
|
| 14 |  LUNA |
Terra predictions | 62.8% | 72 | $49.02 | 8.15% | 18.38% | $19 258 363 664 |  |
|
| 15 |  WBTC |
Wrapped Bitcoin predictions | 78% | 46 | $56 525.74 | 5.34% | -1.06% | $14 327 926 572 |  |
