Citibank is offering crypto custody.

[Kenthunan_rondo]

This is good news, everyone who holds crypto money must be very happy and hopefully it will make Bitcoin better and the price will become more stable.

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[Shubhamgill33]

According to Business Insider’s Frank Chaparro, sources close to Citibank revealed that the $175 billion New York-based bank will offer crypto custody solutions to institutional investors. Through the launch of a product called Digital Asset Receipt (DAR), Citigroup will enable institutional investors to invest in cryptocurrencies in a fully insured and regulated manner. By owning DARs issued by Citibank, investors in the US essentially possess instruments that represent the value of the stocks or assets that are owned by Citibank on behalf of its consumers.

[Champeon]

great movement and great step taken by citibank. that is great news for crypto market as well as crypto loveres. people will be more interested now in join crypto market.

[jackpot888]

market is now in messy situation. unstable situation of market then the etf decesion which create the whole market messy. on that time citi bank take a greate step. hope it will bring positive sign in crypto market.

[cryptoVinc5599]

i think this is very imprtant for btc. it will works as a backup. if etf decesion rejected then this step will work perfectly.i think it should implement for long term.

[Luckycoins999]

This can be good thing because it will encourage other banks to do the same thing and for this government will create lighter cryptocurrency regulations. I hope Citibank's initiative can have a positive impact in cryptocurrency. Beside this I believe that it's a good news for the cryptomarket and as well as for Bitcoin.

[Brutea]

I believe that it's a good news for the cryptomarket but it will be not for the long term. Since the market is unstable so it will be a big risk for them. I hope that the initiative of Citibank can have a positive impact in cryptocurrency and Bitcoin.

[CrownKit]

I think this is really a great news for cryptopeople. Because this attempt shows that all are feeling interest in Bitcoin as well as cryptocurrency. It must bring a good and positive impact on Bitcoin investment.

[CryptoGosu]

I think that this is not surprising. Large banks are trying to adjust to what is popular in society. Therefore, they will provide services related to cryptocurrencies. I think in the future, almost all banks will work with cryptocurrencies.

[RudeSlider]

It’s a great news. This news will have positive impact for new investors. Always hoped for betterment of Crypto currency. People all over the world now recognizing the value of crypto and accepting in a positive way. And with this news it also shows that it will affect investors and market place.

[Cybora9]

This news will have positive affect for unused speculators. Continuously trusted for improvement of Crypto money. Individuals all over the world presently recognizing the esteem of crypto and tolerating in a positive way. And with this news it moreover appears that it'll influence financial specialists and advertise put.

[richminded]

I personally do love citibank and this news is really great. Highly regulated with cryptocurrency is quiet good to me. Well, this is the start of mass adoption by the banks since they have no choice but to adopt. Hopefully, citbank can influence others bank to do the same thing, and maybe the market will move high now because of this.

[Lucy.luies]

i think i have doubt on this bcz every INDIAN users are getting worried about the ban of crypto currency due to this the banks are not accepting cryptocurrency then how could u tell the the citibank offering it

[kendra1107]

New york based Citi bank will offer crypto custody solutions to institutional investors, it will provide institutional investors to invest in cryptocurrencies in a fully insured and regulated manner.  Link : https://www.ccn.com/citigroup-is-the-latest-bank-to-offer-crypto-custody-heres-how-it-will-affect-the-market/

An increasing number of big names in the business industry are now supporting the crypto space which shows that this system is indeed legit and offers a long list of benefits for many of us in the long run. Sooner or later more big players will start adopting cryptocurrency into their own system. This will further validate the purpose for which crypto was created for.

[Patriode]

This news will have positive influence for unused examiners. Ceaselessly trusted for advancement of Crypto cash. People all over the world by and by recognizing the regard of crypto and enduring in a positive way. And with this news it in addition shows up that it'll impact budgetary pros and publicize put.

[Cybora9]

It’s very positive news for the crypto market and also have positive impact. I think price will be increase very soon. I wish every bank will offering the crypto market.

[raymond013]

Hopefully it will last to the end and increase the number of encrypted users. I hope to hear good news like last year he came to the end of this year, I still keep my secrets. Not only is there more market participation from the market, but it can also contribute to the price of the currency.

[AlexSandree44]

This is a good news indeed. All those pepole who hold electronic money must be very happy and hopefully it will make Bitcoin better and prices will become more stable.

[[ProTrader]]

New york based Citi bank will offer crypto custody solutions to institutional investors, it will provide institutional investors to invest in cryptocurrencies in a fully insured and regulated manner.  Link : https://www.ccn.com/citigroup-is-the-latest-bank-to-offer-crypto-custody-heres-how-it-will-affect-the-market/

This is the reason why banks will not go anywhere except to adopt the technology. There is a saying "If you cannot defeat them, join them". They know that this is the war  they cannot win that's  why they prefer to save their ass by joining the crowd.

[blacknight789]

Crypto need to be continue this investment world wide and it's should be effective for spreading out crypto knowledge and make it poteential world wide.