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Vikram Pandit Says All Banks Will Think About Crypto Trading

  • Orogen chairman says firms to explore crypto in 1 to 3 years
  • Ex-Citi CEO says central banks should adopt digital currencies
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All major financial institutions will soon be thinking about trading cryptocurrencies, according to Vikram Pandit, chairman of The Orogen Group and former chief executive officer of Citigroup Inc. 

In “one to three years, every large bank and, or securities firm is going to actively think about ‘shouldn’t I also be trading and selling cryptocurrency assets?’ ” Pandit said at the Singapore Fintech Festival event in a segment with Bloomberg’s Haslinda Amin. Pandit, who led the U.S. bank during the financial crisis, co-founded investment firm Orogen in 2016.