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.”
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 91.2% | 10 | $26 880.37 | -0.11% | 2.52% | $521 207 950 673 | ||
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2 | ![]() |
Ethereum predictions | 90% | 5 | $1 862.41 | 0.18% | 4.02% | $223 946 300 992 | ||
3 | ![]() |
Tether predictions | 94% | 1 | $1.000168 | -0.02% | 0.03% | $83 236 325 280 | ||
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Binance Coin predictions | 96% | 1 | $304.82 | -0.27% | 0.25% | $47 508 351 019 | ||
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USD Coin predictions | 94.8% | 1 | $1.000069 | 0% | 0.02% | $28 856 163 592 | ||
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XRP predictions | 79.6% | 37 | $0.504767 | -0.22% | 12.47% | $26 239 506 800 | ||
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Cardano predictions | 92.4% | 10 | $0.364637 | -2.18% | 2.22% | $12 719 876 147 | ||
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Lido stETH predictions | 95.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
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Dogecoin predictions | 86% | 17 | $0.071674 | 0.64% | 2.29% | $10 004 786 652 | ||
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Polygon predictions | 82.4% | 35 | $0.892550 | 0.70% | 1.16% | $8 282 393 470 | ||
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Solana predictions | 82.4% | 29 | $20.68 | 0.89% | 7.46% | $8 201 498 865 | ||
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Wrapped TRON predictions | 81.6% | 37 | $0.075037 | -0.51% | -3.01% | $7 629 482 435 | ||
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Litecoin predictions | 77.6% | 37 | $94.96 | 6.81% | 12.21% | $6 936 825 862 | ||
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TRON predictions | 82.8% | 33 | $0.075005 | -0.50% | -3.12% | $6 766 858 517 | ||
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Polkadot predictions | 90.8% | 10 | $5.23 | -1.01% | -0.14% | $6 224 782 114 |
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