Citi bank to consider launching crypto trading & custody services

Banking giant Citigroup is considering launching crypto trading, custody, and financing services.

Itay Tuchman, Citi’s global head of foreign exchange, told the Financial Times in a report published Friday that the bank had seen a “very rapid” accumulation of interest in bitcoin from large clients since last August.

“There are different options from our perspective and we are considering where we can best service clients. This is not going to be a prop-trading effort,” said Tuchman, referring to proprietary trading in which banks trade with their own money to make a profit.

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