Share this article
Every Big Bank Will Think About Crypto Trading, Says Ex-Citi CEO
Vikram Pandit believes every major financial institution will be considering trading crypto “in one to three years.”
Updated May 11, 2023, 5:46 p.m. Published Nov 8, 2021, 9:32 a.m.
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 resigned from Citi in 2012 and co-founded investment firm The Orogen Group in 2016.
- In 2015, he also invested $75 million in the now Nasdaq-listed crypto exchange Coinbase, alongside the New York Stock Exchange and other investors.
Read more: Commonwealth Bank First in Australia to Offer Crypto Services
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
