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Citi delays institutional Bitcoin custody launch, possibly due to Binance hack concerns.

Market News
03 Nov 2026, 05:24 WIB
Tokenpost
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Neutral
Citi delays institutional Bitcoin custody launch, possibly due to Binance hack concerns.

Citi planned to launch its institutional Bitcoin custody service through Custody+ in late 2026, but the expected launch last week did not occur. VanEck's digital asset chief speculates the delay may be linked to the recent Binance hack, although Citi has not confirmed this. Separately, Citi Wealth Management released a guide on crypto ETFs, highlighting spot Bitcoin and Ether ETFs as ways for investors to gain crypto exposure. The custody service and ETF guide address different aspects of crypto investment access for institutions and eligible investors.

VanEck’s Matthew Sigel's comments on Citi Bitcoin custody provide context for crypto market activity. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Nov 03, 2026 10:21 WIB: Of 50 major cryptocurrencies priced on Pluang, only 5 rose while 44 fell. Notably, ATOM (Cosmos) traded at Rp25.561 with a 1-day change of -4.90% and a strong buy order activity of 96%, contrasting with XLM (Stellar) at Rp2.927, down 4.28%, with 99% sell orders. SAND (The Sandbox) showed a near-even split in order activity at 48% sell and 52% buy, priced at Rp795 and down 4.16%.

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