Latest Breaking News On - அது துசிமான் - Page 4 : comparemela.com
Citi lanzaría servicios de criptomonedas por el gran interés de los clientes
tynmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tynmagazine.com Daily Mail and Mail on Sunday newspapers.
Citi Reportedly The Latest Bank To Consider Crypto After Soaring Client Interest
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Financial system gets a mixed review; Goldman starts bitcoin derivative trading
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Citi Considers Launching Bitcoin Custody, Crypto Trading
Bitcoin (CRYPTO: BTC) and other crypto assets.
What Happened: According to The Financial Times report, Citigroup s global head of foreign exchange Itay Tuchman said that the bank is considering launching Bitcoin and other crypto services due to surging interest in Bitcoin from asset managers and hedge funds.
He admitted that the institution has not yet decided whether it intends to launch those products but admitted that custody and financing were all under consideration.
“There are different options from our perspective and we are considering where we can best service clients,” Tuchman said.
The bank saw a very rapid accumulation of interest in Bitcoin from its customers, including large asset managers.Some of those customers asked the bank for research, while other requested the launch of cryptocurrency trading services and to finance deals with their crypto assets.
Citigroup Launches Crypto Trading and Custody Services
Last Updated: 12 May 2021
Citigroup, a banking giant, is launching a crypto trading and custody service. The new service aims to meet the growing demand for crypto assets.
Itay Tuchman, the global head of forex for Citigroup, has confirmed that the bank had witnessed a rapid accumulation in Bitcoin (BTC) interest from institutional clients. Tuchman announced the move in a report published in Financial Times.
According to Tuchman, banks could venture into crypto through proprietary trading, where they use their resources to make profits. “There are different options from our perspective, and we are considering where we can to best service clients. This is not going to be a prop-trading effort,” said Tuchman.