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Citi targets 2026 launch for crypto custody service as Wall Street dives deeper into digital assets

1. Citi plans to launch crypto custody service by 2026, enhancing digital offerings. 2. Regulatory changes under the Trump administration favor traditional banks entering crypto. 3. Stablecoins show potential globally, especially in underbanked regions. 4. Citi and other banks explore stablecoin strategies amidst developing regulations. 5. Cybersecurity risks remain a concern for custody services in digital assets.

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FAQ

Why Bullish?

Investment in cryptocurrency services may attract institutional interest, boosting markets. Historical trends show that increased financial offerings in digital assets typically correlate with rising stock valuations in firms involved.

How important is it?

Citi's move into crypto custody could signify broader acceptance, influencing S&P 500 dynamics. Increased regulatory clarity can foster innovation and drive stock values.

Why Long Term?

While initial impacts may be slow, growth in crypto services can enhance profitability. The trend towards digital asset adoption has shown sustained impact over time in major banks.

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