Citigroup Wants To Launch Crypto Investment Services - Kakiforex.com - Financial Market Media No. 1 in the World Citigroup Wants To Launch Crypto Investment Services Citigroup Wants To Launch Crypto Investment Services
InstaForex

May 7, 2021

Citigroup Wants To Launch Crypto Investment Services

 After good news from banks in the United States (US) wanting to support crypto trading, this time Citigroup Inc. banking. announced it will launch financial services and crypto investments.


According to Citigroup’s head of foreign exchange, Itay Tuchman, they took the decision because of increased interest in Bitcoin (BTC) among the majority of its clients since last August.


They do not intend to turn the venture into a proprietary trade, instead wanting to provide the best possible service to their clients with consideration in various aspects.



However, the launch will not take place in the near future.


Clearly Tuchman, they will start the effort when they are convinced to develop something beneficial to their clients with support from supervisors.


“I am not FOMO because I am confident the crypto sector will survive. This is not a race and this space has not been won by anyone, ”he explained.


Citigroup is the latest institution to want to join the sector after Goldman Sachs, Morgan Stanley, Bank of New York Mellon and many more.