Fidelity Investment announces new crypto business

Posted 16 October, 2018

The leading asset management corporation – Fidelity Investment – launches an institutional division dealing with bitcoin and Ethereum.

According to the news reports, the new subsidiary Fidelity Digital Assets will represent a 24/7 platform for crypto trading along with corresponding consulting. The company will number about 100 employees and be located in Boston, USA.

The new business is said to offer deals powered by "internal crossing engine and smart order router that will execute trades using multiple third-party cryptocurrency liquidity suppliers."

"We expect to continue investing and experimenting, over the long-term, with ways to make this emerging asset class easier for our clients to understand and use," commented a company representative.

It is worth mentioning that Fidelity Digital Assets already now has clients, but in fact, the mass launch is slated for early 2019.

"Fidelity believes that distributed ledger technologies can enable entirely new business models, lead to the creation of frictionless capital markets and improve existing financial market infrastructure,' the report reads.

Crypto custodial services are believed to be the most demanded services of the company. As the company noted, this will be physical storages in different locations featuring cold storage of cryptos.

The company CEO stated that they are striving to boost the accessibility of digital coins via this new business.

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16 October, 2018 15:20

← Parity Technologies updates Parity Signer app

Parity Technologie has announced the beta of the application – Parity Signer 2.0. The new app is designed to store and sign transactions of digital assets autonomously via private key. With the new version, the project team has updated the app's interface, though now an old cell phone can become a hardware wallet. Parity Signer 2.0 Beta can be downloaded in App Store/Google Play. Notably, the users will receive message all the time when the device connects to the internet. As for extra features, the app 2.0 can be synchronized with MyCrypto wallet via QR-code. Users should also take into account that as this is just an experiment so far, the company recommends "using Parity Signer with caution by following the official instructions and only storing small amounts on it."

Parity Technologies updates Parity Signer app

Next story

12 October, 2018 17:09

Bytecoin no longer available on OKEx →

On October 12, Hongkong-based crypto trading platform OKEx delisted Bytecoin (BCN). There are no details about the technical issues that were detected. Moreover, Bytecoin project team is yet to provide official feedback to this move. The platform informed users that they have to cancel opened orders and withdraw coins to other exchanges or their wallets. According to the report, the withdrawal will be available till November 1. The exchange maintains non-stop monitoring of the supported coins and decides to delist those that do not comply with the standards.

Bytecoin no longer available on OKEx
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