{"id":48272,"date":"2021-08-25T14:53:17","date_gmt":"2021-08-25T11:53:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48272"},"modified":"2025-09-02T01:25:01","modified_gmt":"2025-09-01T22:25:01","slug":"citigroup-gears-up-to-trade-bitcoin-futures-reports-say","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/citigroup-gears-up-to-trade-bitcoin-futures-reports-say\/","title":{"rendered":"Citigroup gears up to trade bitcoin futures, reports say"},"content":{"rendered":"<p>The financial conglomerate Citigroup expects regulatory approval to begin trading bitcoin futures on the Chicago Mercantile Exchange (CME). <a href=\\\"https:\/\/www.coindesk.com\/citigroup-is-gearing-up-to-trade-cme-bitcoin-futures-sources\\\">CoinDesk <\/a>reports, citing its own sources.<\/p>\n<p>One of the publication&#8217;s sources noted that the bank has recorded a surge in client interest in cryptocurrency amid the recent <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-breaks-above-50000\">rise in bitcoin&#8217;s price to $50,000<\/a>.<\/p>\n<p>According to another unnamed source, Citigroup is actively recruiting staff for a digital-asset-focused team based in London.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;The team is most likely to receive approval to begin trading bitcoin futures on CME, and then exchange-traded notes based on cryptocurrency,&#8221; he added.<\/p>\n<\/blockquote>\n<p>Earlier, in June, Citigroup <a href=\"https:\/\/forklog.com\/en\/news\/citigroup-forms-digital-assets-unit\">announced<\/a> the creation of a group to work with digital currencies within the Citi Global Wealth Investments asset-management arm.<\/p>\n<p>In May, Citigroup&#8217;s head of foreign exchange Ito Takman said that the bank <a href=\"https:\/\/forklog.com\/en\/news\/citigroup-does-not-rule-out-launching-bitcoin-trading-and-custody-services\">is considering launching services<\/a> for trading and custody of cryptocurrencies.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financial conglomerate Citigroup expects regulator approval to begin trading bitcoin futures on the Chicago Mercantile Exchange (CME). CoinDesk reports, citing its own sources.<\/p>\n","protected":false},"author":1,"featured_media":48273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1798,1168],"class_list":["post-48272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-citigroup","tag-crypto-derivatives"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=48272"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48272\/revisions"}],"predecessor-version":[{"id":48274,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48272\/revisions\/48274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/48273"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=48272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=48272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=48272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}