Category: Citi

Citi’s bullish Coinbase target: ‘Buy crypto’s general store’

Citi’s bullish Coinbase target: ‘Buy crypto’s general store’

Multinational investment bank thinks Coinbase stock is worth 30% more than its current price. 2802 Total views 39 Total shares Financial services multinational Citi initiated coverage of U.S. crypto exchange Coinbase’s stock this week with a very bullish price target. Citi analyst Peter Christiansen told investors that they could “buy crypto’s general store,” in a […]

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Citigroup considers crypto amid surge in customer demand on Wall Street

Citigroup considers crypto amid surge in customer demand on Wall Street

Trading, financing and custody services are being pursued by the investment bank. 4959 Total views 31 Total shares Citigroup is reportedly considering offering crypto-related services to its customers in response to rising demand, specifically from asset managers and hedge funds. The financial services firm’s global head of foreign exchange, Itay Tuchman, told the Financial Times […]

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Citi and IADB complete cross-border payment pilot with blockchain tech

Citi and IADB complete cross-border payment pilot with blockchain tech

IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network. 2468 Total views 25 Total shares Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB […]

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