#CryptoCurrency / Citi sits on the cusp of a crypto push

Citi is weighing offering its clients cryptocurrency trading, custody and financing options…

The bank, in a 108-page March report, wrote… the digital asset [Bitcoin] could one day "become the currency of choice for international trade."

If Citi enters the crypto fray, it would join the likes of BNY Mellon, Goldman Sachs, JPMorgan Chase and State Street in exploring the benefits of the space.

… BNY Mellon in February said it is developing a client-facing prototype for a multi-asset digital custody and administration platform. Goldman Sachs in March said it would relaunch its crypto trading desk… Morgan Stanley, also in March, told its financial advisers it is letting its wealth-management clients access three investment funds that enable ownership of Bitcoin.