Citi Considering Crypto Services Amid Surge in Interest: Report

Trading, custody and financing are all said to be under consideration by the U.S. banking giant.

AccessTimeIconMay 7, 2021 at 8:34 a.m. UTC
Updated May 9, 2023 at 3:19 a.m. UTC

Citigroup is weighing launching cryptocurrency services amid a surge in interest from its clients.

  • Trading, custody and financing are all under consideration, according to a report by the Financial Times, citing Itay Tuchman, Citi's global head of foreign exchange.
  • There has been a "very rapid" accumulation in interest from clients, Tuchman told the newspaper.
  • However, Citi is in no rush to make decisions involving the crypto market, he added.
  • The U.S. banking giant would be following a number of its peers in developing crypto services.
  • Thursday, Goldman Sachs confirmed it is offering investors access to bitcoin derivatives, buying and selling bitcoin futures in block trades.
  • Others banks including BNY Mellon and Deutsche Bank have entered the space, too, or have plans to do so soon.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about