{"id":113765,"date":"2021-05-07T06:12:56","date_gmt":"2021-05-07T06:12:56","guid":{"rendered":"https:\/\/fin2me.com\/?p=113765"},"modified":"2021-05-07T06:12:56","modified_gmt":"2021-05-07T06:12:56","slug":"citi-weighs-launching-cryptocurrency-services-after-surge-in-client-interest-ft","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/citi-weighs-launching-cryptocurrency-services-after-surge-in-client-interest-ft\/","title":{"rendered":"Citi weighs launching cryptocurrency services after surge in client interest- FT"},"content":{"rendered":"<p>May 7 (Reuters) &#8211; Citigroup Inc is weighing the option of providing cryptocurreny-related services after a surge in interest from clients, the Financial Times reported on.ft.com\/33musLT on Friday.<\/p>\n<p>The bank has not yet decided whether it will offer clients cryptocurrency-related services, but trading, custody and financing are all under consideration, the newspaper reported, citing Itay Tuchman, the bank\u2019s global head of foreign exchange.<\/p>\n<p>Citi has seen a \u201cvery rapid\u201d accumulation of interest in bitcoin across a broad spectrum of clients including large asset managers, Tuchman told the FT, adding that the bank was in no rush to come to a decision on how deeply it should move into the cryptocurrency market.<\/p>\n<p>Citigroup was not immediately available for a Reuters request for comment.<\/p>\n<p>Bloomberg reported on Thursday that Goldman Sachs was allowing Wall Street investors to trade with a derivative tied to bitcoin prices.<\/p>\n<p>Reuters reported in March that Goldman Sachs had restarted its cryptocurrency trading desk and would begin dealing with bitcoin futures and non-deliverable forwards for clients.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/crypto-currency-citigroup\/citi-weighs-launching-cryptocurrency-services-after-surge-in-client-interest-ft-idUSL4N2MU1B8\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>May 7 (Reuters) &#8211; Citigroup Inc is weighing the option of providing cryptocurreny-related services after a surge in interest from clients, the Financial Times reported [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Citi weighs launching cryptocurrency services after surge in client interest- FT - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/citi-weighs-launching-cryptocurrency-services-after-surge-in-client-interest-ft\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi weighs launching cryptocurrency services after surge in client interest- FT - Fin2me\" \/>\n<meta property=\"og:description\" content=\"May 7 (Reuters) &#8211; 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