Citi: Bitcoin at ‘Tipping Point’ as Institutions Come on Board
Looking forward, a Citi report suggests bitcoin could "become the currency of choice for international trade."
It’s the latest megabank to roll out crypto services to at least some of its customers.
Trading, custody and financing are all said to be under consideration by the U.S. banking giant.
Bitcoin is recovering from a volatile shakeout. Options expiry has large open interest around $40K.
The Diem white paper suggests the company would be open to discussions with central banks about providing this service.
Citi teamed with the Inter-American Development Bank to send cross-border payments between the U.S. and Latin America.