Fidelity Investments reportedly plans to launch bitcoin trading soon

Posted 06 May, 2019

The financial corporation Fidelity Investments intends to launch crypto buy/purchase service for institutional clients in the near term. In the coming weeks, the investment company Fidelity Investments will allow its customers to make transactions using Bitcoins. In addition, it has been offering token monitoring since this March.

''We currently have a select set of clients we’re supporting on our platform. We currently have a select set of clients we’re supporting on our platform.''- says a spokesman for the company Arlene Roberts.

Following this path, Fidelity Investments may join, in particular, E*Trade, which recently allowed buyers to make cryptocurrency transactions.

However, compared to the above platform, the company from Massachusetts is focused on corporations, rather than on individual customers. With this approach, the company managed to leave behind its competitors in the segment.

''More institutional investors are engaging with digital assets, either directly or through service providers, as the potential impact of blockchain technology on financial markets—new and old—becomes more readily apparent,'' -  announced Tom Jessop,  president of Fidelity Digital Assets.

In early May, the Fidelity market experts carried out a survey, which showed that 47% of institutions see in cryptocurrency good investment taget. Despite this, there is still some abstinence in their purchase, because many investors are associated with the fraud. Moreover. the situation is hampered by the latest news related to Bitfinex exchange, which was supposed to cover its losses with the assets of its customers.

For reference, Fidelity Invesments Inc. was founded in 1946 in Massachusetts. It is one of the largest asset management companies in the world now. The cost of its managed investments at the moment is almost 2.5 trillion dollars. The company also provides investment consulting and life insurance services.

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