Ethereum News Daily TheBitTimes.com

Citi Token Services will help enable instant transfers globally. The new service will be accessible via its existing systems. Citi shares are down over 15% versus their year-to-date high. Citigroup Inc is in focus today after launching “tokenized deposits” for institutional clients. Tokenized deposits will help enable instant transfers Citi Token Services will change deposits into digital token s to enable instant transfers even outside of business hours to anywhere in the world. According to Shahmir Khaliq – its Global Head of Services: The development of Citi Token Services is part of our journey to deliver real-time, always-on, next-gen transaction banking services to our institutional clients. The multinational investment bank worked for months with Maersk to test this latest foray into the blockchain-enabled payment solution. Its shares are currently down more than 15% versus their year-to-date high. Note that Citi Securities Servi...

The crypto exchange created a new product, “Nitro Spreads,” to provide institutional investors with an easier way to “trade the basis” and successfully navigate the market. In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional investors who demand innovative tools and solutions to meet their evolving needs. A common trading strategy for institutional users is trading the basis, or taking advantage of the difference between an asset’s price on different markets, such as spot and futures. Responding to the trading community’s needs, OKX has launched a product for institutional users to execute basis trades with one click. In this interview, Lennix Lai, global chief commercial officer at OKX, highlights the challenges institutional traders are currently facing when trading cryptocurrencies, and discusses how OKX is addressing them by contin...