Fidelity Jumps Into Crypto
Fidelity Investments just made a big jump into the crypto space.
It’s a big deal.
Fidelity clients hold assets of over $7 trillion.
And Fidelity has 27 million individual investors and 13,000 financial advisory firms as clients.
Fidelity will be launching Fidelity Digital Assets.
It will include an enterprise-grade custody solution, a cryptocurrency trading execution platform, and institutional advisory services.
According to reports customers are already being onboarded now and a general launch will happen in early 2019.
CEO Abigail Johnson stated, “Our goal is to make digitally-native assets, such as bitcoin, more accessible to investors.”
Fidelity Digital Assets is being led by Tom Jessop, formerly the head of business development at Fidelity. Prior to that he worked at blockchain startup Chain, which was recently acquired by the Stellar Development Foundation.
This is big news as Fidelity is one of the largest, traditional financial firms.
You have to imagine at some point it will expand its services to retail customers.
And other traditional financial firms will likely follow suit.
What do you think of Fidelity getting into crypto?
and trade cryptos on Binance and Bibox...
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Another cool fact about fidelity is they give 6 weeks paternal paid leave. Wishing I worked there when I had my last kid in August. 😂
We were expecting that the big investors would come in eventually and the fud makes sense holding everyone off until the new year. Thy don't want the prices to climb now so keeping it down with negative press is the way forward for now.
The interest for crypto space has been gaining momentum, the future of transactions is in cryptocurrencies, there we go surely in the globalized world
This is awesome news for cryptos. Mass adoption will come sooner or later. All we need is a little patience.
Now the crypto investment rate is much higher and it seems to be a much bigger place, if Fidel launched Fidelity digital resources, then it is good news and I hope that it will be successful, like this bit of bitcoin, this fiddle could become more acceptable. I think so
Can't wait for the everyday man to be able to buy bitcoin. Hold it through Fidelity and pass it on when he passes away. That will truly legitimize bitcoin as well as the crypto space.
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