Citigroup is reportedly looking to roll out crypto-associated offerings to its clients, as an effort to satisfy the increasing demand, particularly stemming from asset managers and hedge funds.

Specifically, The financial services entity’s international head of foreign exchange, Itay Tuchman, reportedly revealed that the investment bank is currently underway in studying the potential of offering crypto services to its customers. 

The bank is reportedly looking to release services in Trading, financing and custodial initially, with Tuchman claiming that the company would not be hasty regarding rolling out offerings that could bring concerns to regulators. 

“We shouldn’t do anything that’s not safe and sound. We will jump in when we are confident that we can build something that benefits clients and that regulators can support”. 

Tuchman additionally revealed that the bank has experienced a surge in the figure of customers making inquiries related to Bitcoin (BTC), beginning August last year. During that time, Bitcoin’s price value just skyrocketed 33% within the period of one month, from $9,000 to $12,000, with the international virtual coin market one-tenth of the currently recorded value. 

However, Citigroup is reportedly not showing any hasteful decision to join the trend, even with Bitcoin hitting the record-breaking $55,000 threshold at the moment. 

Tuchman reportedly shared that the company would not let itself be victimized by the fear of missing out, and would rather employ a long-term strategy when it comes to crypto – which the bank is sure will still be available for the foreseeable future. 

“I don’t have any FOMO [fear of missing out], because I believe that crypto is here to stay and that we are just at the very beginning of the market. This isn’t a space race. There is room for more than just one flag”.