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Citigroup is the Latest Bank to Offer Crypto Custody: Here’s How it Will Affect the Market

Citigroup is the Latest Bank to Offer Crypto Custody, Impact on the Market

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.

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