Citibank Integrates Bitcoin into Core Banking Systems

Global AI Watch··4 min read·Gulf Business Tech
Citibank Integrates Bitcoin into Core Banking Systems

Bitcoin experienced a significant decline in February, ending the month down 15%, resulting in a total drop of 48% from its peak in October 2025. For the first time, both January and February saw negative closes within the same calendar year, a continuation of a troubling trend for the cryptocurrency. This downturn is influenced by rising geopolitical tensions and macroeconomic factors, particularly data affecting Federal Reserve rate expectations, which may impact cryptoasset prices further.

Despite Bitcoin's challenges, institutional interest in cryptocurrencies is growing. Citibank has announced plans to integrate bitcoin into its banking services, which include custodial and asset management functions tailored for institutional clients. Additionally, Barclays is investigating blockchain applications for stablecoin payments, indicating a trend toward the fusion of traditional financial services and digital assets. These moves may stabilize the market against a backdrop of ongoing volatility and highlight the growing acceptance of cryptocurrency in mainstream finance.