Every Big Bank Will Think About Crypto Trading, Says Ex-Citi CEO Pandit

Every Big Bank Will Think About Crypto Trading, Says Ex-Citi CEO Pandit
Every major financial institution will be thinking about buying and selling crypto in the years to come, according to former Citigroup CEO Vikram Pandit.In “one to three years, every large bank and, or securities firm is going to actively think about ‘shouldn’t I also be trading and selling cryptocurrency assets?’ “Pandit said at the Singapore Fintech Festival, according to a Bloomberg report on Monday.While numerous big banks have shown signs of offering crypto exposure to clients through indirect investments, such as funds, none of them have yet offered direct exposure. Goldman Sachs’ crypto desk for example supports bitcoin futures trading.Pandit…