Fidelity Investments seems to be on a really rapid mission of providing its customers as well as clients with the best possible service. According to a source who is quite familiar with the firm’s upcoming plans revealed that Fidelity will soon offer Cryptocurrency Trading within a few weeks.
Fidelity Investments, a Boston-based firm as well as one of the largest asset managers in the world began a custody service to store Bitcoin earlier this year, now plans to be capable of buying or selling the world’s most popular digital asset for institutional customers very soon.
In late October, the firm also created Fidelity Digital Assets. This creation was firmly based on the firm’s belief that Wall Street’s nascent appetite for trading as well as safeguarding digital currencies will definitely grow. Moreover, it automatically puts Fidelity a few steps ahead of its top competitors. It was actually in October when the firm first revealed that it would not only offer over-the-counter trade execution but also order routing for Bitcoin early this year.
Since Fidelity has a plan to target only the institutional customers. Therefore, keeping in mind the fact that it’s also quite crucial to reach to the retail investors, Fidelity would join brokerages E*Trade Financial Corporation as well as Robinhood in offering cryptocurrency trading to clients. As both of these firms do target the retail investors too.
Interestingly, Fidelity recently revealed the report of a field study done by the firm where it was found that more than 47% of the institutional investors firmly believe that digital assets are worth investing in.
Keeping in mind all these facts about the crypto market, here is what Arlene Roberts, the Fidelity spokeswoman had to say:-
“We 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.”