Citigroup plans to launch its own crypto services after seeing the high volume of interest from their clients on Friday.
Citi Opens Cryptocurrency Services
In recent times, Citigroup noticed massive interests in bitcoin across wide-range of clients including profitable managers. Bank decides to offer bitcoin related resources like other developing banks like Goldman Sachs and Morgan Stanley.
Citibank planned to offer trading, secure-custody and financing systems in crypto-based services and its clear not to rush into crypto-space. The executive of Citigroup reveals the urge within customers on bitcoin triggered them to offer cryptocurrency for clients and asset managers.
Main reason for Citi to start crypto-services came on-board seeing the launch of crypto systems by major banks in the market. Meantime, other small banks plan to serve their customers in buying, selling, trading cryptocurrencies with their subsist bank accounts.
Analyst of Citigroup reveals positive signs about bitcoin. According to the analysis bitcoin becomes a favorable currency for multinational trade in the crypto-world. In March, Citi predicted the value of bitcoin will trade at $318K by year-end which made clients gain more interest in digital currency.
Recent news of Goldman Sachs reported the restarts bitcoin trading in the market. It creates a cryptocurrency trading bureau after investors craze on bitcoin.
