Banking Giant Citigroup Filed To Trade Bitcoin Futures

The U.S. banking giant Citigroup is currently awaiting approval to begin trading Chicago Mercantile Exchange Bitcoin futures, CoinDesk reported earlier today.

An anonymous source within the bank told CoinDesk that Citigroup is currently dealing with a recent uptick in demand for Bitcoin exposure among their clients. If approved, Citi would join the ranks of Goldman Sachs, and become the second major bank to offer Bitcoin futures trading.

A spokesperson for Citigroup wrote to CoinDesk via email: “Our clients are increasingly interested in this space, and we are monitoring these developments. Given the many questions around regulatory frameworks, supervisory expectations, and other factors, we are being very thoughtful about our approach.”

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