Zhi Tong Cai Jing·2025-10-28 06:16Group 1 - Citigroup plans to collaborate with Coinbase to create a digital asset payment solution for institutional clients, with future expansion to global customers [1] - The initial focus of the partnership will be on providing fiat currency deposit and withdrawal capabilities through Coinbase's services, facilitating smooth conversion between traditional and digital assets [1] - Citigroup aims to simplify payment processes through this collaboration, combining its business reach with Coinbase's leadership in the digital asset space [1] Group 2 - The digital asset industry has seen an increase in trading activity this year, driven by a favorable environment for businesses in the U.S. under the Trump administration [2] - Coinbase has made significant investments, including a $375 million acquisition of investment platform Echo and a $2.9 billion deal to acquire cryptocurrency options provider Deribit [2]