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Citi Considering Crypto Services Amid Surge in Interest: Report

Jamie Crawley - Coindesk
2021-05-07 10:11
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Citigroup is weighing up the launch of cryptocurrency services amid a surge in interest from its clients.
  • Trading, custody and financing are all under consideration, according to a report by the Financial Times, citing Itay Tuchman, Citi's global head of foreign exchange.
  • There has been a "very rapid" accumulation in interest from clients, Tuchman told the newspaper.
  • Citi would however not in any rush over its decisions around the crypto market, he added.
  • The U.S. banking giant would be following a number of its peers in developing crypto services.
  • Just yesterday, Goldman Sachs confirmed it was offering investors access to bitcoin derivatives, buying and selling bitcoin futures in block trades.
  • Others such as BNY Mellon and Deutsche Bank have entered the space too, or have plans to soon.

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