Citigroup is exploring the idea to launch crypto trading, custody, and related financing services, according to The Block. The move reflects growing interest in bitcoin from the bank’s major clients since August.
Citi bank is considering different options on how best to serve its clients with the crypto trading service.
The bank expects to jump into crypto when it is confident it offers services that benefits clients and complies with regulations.
In March, Citi hinted of bitcoin becoming “an international trade currency” and a mainstream.
Other banks such as Goldman Sachs and Morgan Stanley have considered moves into the crypto industry.Citi stock is currently declining. C: NYSE is down 1.85% on premarket.
