Citi teams up with Coinbase to boost digital asset payment capabilities for clients

Citigroup (NYSE: C) is partnering with crypto exchange Coinbase Global (NASDAQ: COIN) to develop digital asset payment solutions tailored for the Wall Street bank’s institutional clients, the companies announced on Monday.

The initial phase of this collaboration will focus on streamlining the process, making it easier and more efficient for institutional investors to access and utilize digital asset payment capabilities. This move reflects the growing interest among traditional financial institutions in integrating cryptocurrency services to better serve their clients.
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