Citibank is offering crypto custody.

Johnzky

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Quote from: kucritt on September 11, 2018, 07:01:11 PM

wow, its great for us, we know that the citibank is the big company in banking and they will involve with bitcoin, i hope that all bank will involve in bitcoin too and will use bitcoin as their asset in the bank.

They are now startiny to adopt bitcoin or rather blockchain to their system as bankers find out how futuristic cryptocurrency is.and they don’t want to be overcome in future

Citibank just do what they think will benefits them sooner,and other banks are following the steps today and in future

XCANA

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Quote from: incomefromcoins on March 11, 2019, 05:24:34 AM

Fidelity and Citibank and other wall street financial institutions are offering crypto custody for their clients crypto adoption is happening in high end financial institutions which is a positive sign for crypto industry

Hearing this for the very first time that Fidelity also is offering cryptocurrency custody for their esteem clients. Gradually the technology is gaining momentum as day passes, hopeful that other major Financial institutions will buy into the technology in the future. There will be much discovery of potentials when Banks start to adopt the technology.

incomefromcoins

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Fidelity and Citibank and other wall street financial institutions are offering crypto custody for their clients crypto adoption is happening in high end financial institutions which is a positive sign for crypto industry

xnxxyz

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Yeah, I heard the same but wasn't sure of the news.

That's a great news for Citibank workers , I hope more banks come on the same page as this bank.
I

eann014

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Quote from: ksupriya94 on September 11, 2018, 01:57:55 AM

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/

It is good news to all cryptocurrency lovers especially who wants to invest with assurance. This kind of investment with insurance is good to those who are afraid of risky investment. Is this only applies in New York? Or it is soon to be applied in other countries?

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: maldini on March 10, 2019, 03:05:55 PM

Although Citibank offers crypto to investors, the effect has not been significant so far, crypto needs other support to rise again. I hope there will be many large platforms that support bitcoin and come out of this long correction zone

Hope you have read the article, it says they are providing insurance and other features for institutional investors, it is to attract new customers in the new market as majority of the banks were not in favor of funding or accepting funds from the new technology based companies, it is a positive news for the market and this news alone will not move the market like that, we will see gradual change in the entire market in the future.

BurgerCash

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Quote from: Faroxx on September 11, 2018, 02:06:57 AM

Wow! That's cool. This indicates a positive attitude towards bitcoin, and possibly a soon increase in the price.

Shouldn't mean much for the price (short-term) and it is not a service that would be useful for many. But the positive attitude is encouraging. Hopefully more will follow.

maldini

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Although Citibank offers crypto to investors, the effect has not been significant so far, crypto needs other support to rise again. I hope there will be many large platforms that support bitcoin and come out of this long correction zone

Becky666

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Quote from: letecia012 on March 10, 2019, 12:06:16 PM

Quote from: ksupriya94 on September 11, 2018, 01:57:55 AM

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/

I hope other bank and investment firm will follow and with continuous growth of bitcoin adoption i'm pretty sure others would do the same even stock exchange in other country are offering crypto trading.

Frankly speaking, the Banks big wings should not be playing behind the scene because the government have tried many ways to infiltrate into the world of cryptocurrency, maybe they have something behind; that's yet to be reveal. We have seen some account be closed from Banks that discovered their client operating under cryptocurrency, the most recent case is that of the Bitpay among others.

Pab

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You can read interview with BitGo ceo about BitGo further development and his thoughts about Goldman crypto custody
https://www.theblockcrypto.com/2019/03/07/heres-what-bitgos-ceo-expects-of-goldman-sachs-and-fidelitys-crypto-custody-plans/

It looks like that in a case of BitGo and maybe Goldman itis different from that what Citi wants to do
Danger is that bitcoin can turn fully in to paper bitcoin and be next gold where market is owned by big financial institution
But it can be not problem for us because we have also alts in our hands
That Citi project looks like yet another derivative but there is very little details about it

letecia012

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Quote from: ksupriya94 on September 11, 2018, 01:57:55 AM

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/

I hope other bank and investment firm will follow and with continuous growth of bitcoin adoption i'm pretty sure others would do the same even stock exchange in other country are offering crypto trading.

malikusama

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Quote from: ksupriya94 on September 11, 2018, 01:57:55 AM

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/

We don't need these banks to hold our assets, crypocurrencies are not supposed to be used like conventional banking system.
The involvement of banks in cryptocurrencies is alarming, i suspect that they can destroy the actual purpose of cryptocurrencies and blockchain in future by their regulation policies.

incomefromcoins

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The banking industry is friendly towards big clients and institutions investors regarding crypto investments

Stac

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Citibank is offering investment options to its investors which is giving ownership of new tokens of Citibank to their customers, it is a receipt based system for investing in crypto currencies. As Citibank has initiated this attempt of Crypto currencies there are more chances for more banks to accept this technology and soon bitcoin will be accepted world over as one world currency as bitcoins is the first crypto currency is the crypto market. Then due to more demand for bitcoins the price of bitcoins will start to rise. Even DBS banks have started to distribute tokens to its customers like Citibank.

H1N1

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Quote from: ksupriya94 on September 11, 2018, 01:57:55 AM

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/

Are you sure about that ? Cryptocurrency is too volatile to invest and i dont think there is any bank supporting and regulating it.
If Citibank really providing investment option on cryptocurrency, then they must convince their clients to not afraid investing in cryptocurrency.
And yes, it will affect the market of cryptocurrency if there are some banks involved.

kotajikikox

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Great😍😍😍 this news can citi ban want to involve an cryptocurrency and they want to help people keep secured their bitcoin or cryptocurrency investment, hope this kind of news can alao help for bitcoin price increase.

a4techer

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Wow this is nice and good news for all of us because now we know that some of the banks was totally embracing cryptocurrency just like that cities bank that one of the biggest banks in the world just like in my country that some of the banks was accepting bitcoin transaction so hoping that all banks was doing this for them to adopt new technology that can be useful into their business.

BitcoinFX

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https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF

Quote from: LeGaulois on September 11, 2018, 11:08:59 AM

You may think it's a good news for the market, but in reality, it isn't for the long term. It is the start of the oligarchy take over and it isn't was what a cryptocurrency is supposed to be, but hey it isn't a problem for the majority of you since you have no problem to be ruled and get crypto regulations

Indeed. You have to wonder how many people on this forum have actually read the Bitcoin white paper.

- https://bitcoin.org/bitcoin.pdf

Regulation is not the main issue here. Ownership is.

When you deposit your 'money' into a traditional banking account you do not own your money. The Bank owns it.

If you deposit Bitcoin into a traditional banking account you do not own your Bitcoin anymore. The Bank will own it.

Not your keys, not your coins.

- https://en.wikipedia.org/wiki/Possession_is_nine-tenths_of_the_law

These institutions have been unfavorable towards Bitcoin for years, now that they have customers who are interested in Bitcoin as a product / financial instrument they are suddenly keen to keep your Bitcoin's 'safe' for you and to levy additional fees or to sell you a derivative i.e. a 'fake' Bitcoin that you don't even own. Jokes.

Kotone

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Quote from: ksupriya94 on September 11, 2018, 01:57:55 AM

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 news was an old one than the bitcoin cash drama. I still think that there will be a big pump going to happen once the ETF got approved. It's going to be a domino effect or snowball for other institutions to enter in the crypto world.

coinwizard_

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Most Advanced Crypto Exchange on the Blockchain

This is good news, these institutional investors need an easy route in. Coinbase is offering a route, and poloniex has just started as well. The seeds are being sown and soon we will see some fruit

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