Fidelity Poised to Begin Crypto Trading Services

Fidelity Poised to Begin Crypto Trading Services

According to sources, the financial giants, Fidelity, will be throwing their hat into the crypto trading market within just a matter of weeks.

The source revealed they will be opening a service which will allow users to trade bitcoin, and presumedly other cryptocurrencies too. Unlike many trading platforms though, Fidelity’s will differ in that it will be focused on trading at the institutional level of the market. According to Arlene Roberts, to Fidelity spokeswoman, they “currently have a select set of clients we’re supporting on our platform. We will continue to roll out our services over the coming weeks and months based on our clients’ needs, jurisdictions, and other factors. Currently, our service offering is focused on Bitcoin.”

This will be the second crypto venture Fidelity have launched this year, following the launch of cryptocurrency custody service. This followed on the recruitment of the former head of digital assets from the investment bank Barclays. As such, it is all systems go towards crypto it seems for the company, who handle more than $7 trillion in assets.

They also made news last week when they released a survey which revealed that cryptocurrencies are on the shopping list of many big money investors. They explained that the majority of investors will be adding cryptocurrencies to their portfolio sometime over the next few years.

With this knowledge acquired, it must have seemed like the perfect time to further immerse themselves into the cryptocurrency market.

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