After a surge in interest from clients, Citigroup Inc is weighing the option of providing cryptocurrency-related services.
Itay Tuchman, the bank’s global head of foreign exchange reported to the newspaper that the bank has not yet decided whether it will offer clients cryptocurrency-related services, but trading, custody and financing are all under consideration.
Tuchman told the FT that, including large asset managers, Citi has seen a very rapid accumulation of interest in bitcoin across a broad spectrum of clients. He also added in his statement that the bank was in no rush to come to a decision on how deeply it should move into the cryptocurrency market.
Goldman Sachs was allowing Wall Street investors to trade with a derivative tied to bitcoin prices. In March, Goldman Sachs had restarted its cryptocurrency trading desk. It would begin dealing with bitcoin futures and non-deliverable forwards for clients.
A significant intervention was registered by a powerful Swiss parliamentary body, the lower chamber's influential…
A significant, two-day cessation of work was formally initiated by Tunisian bank employees on a…
The successful mitigation of a major service disruption affecting the technology giant's Azure cloud…
A report was issued on a Tuesday by Amundi, which stands as the largest asset…
A significant step toward expanding its presence in the global financial hub was announced by…
Official data released on a Friday indicated that U.S. consumer prices had risen slightly less…