U.S. banking giant Citigroup (NYSE: C) is reportedly awaiting regulatory approval to start trading bitcoin futures contracts on the Chicago Mercantile Exchange (CME). The firm would join Goldman Sachs in offering bitcoin futures trading.
Despite bigger liquidity, new futures trading options does not impact price since futures enables not only longing but also sorting coins you don't own. So net outcome is neutral. I would rather like to see that they help to build crypto-fiat getaways, build-in crypto wallets inside bank accoutns. So they will in give something to crypto instead of taking fees from trading only. Trading futures with zero net positive impact on crypto industry.