Followers | 68 |
Posts | 2027 |
Boards Moderated | 0 |
Alias Born | 09/27/2011 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, May 10, 2019 3:31:39 PM
Fidelity To Roll Out Crypto Trading ‘Within a Few Weeks’
May 6, 2019 ..... by Yogita Khatri
Financial services giant Fidelity Investments is said to be launching cryptocurrency trading service soon.
A Bloomberg report on Monday, citing “a person familiar with the matter,” said that Fidelity will roll out the service for trading bitcoin “within a few weeks” and will focus on institutional, not retail, customers.
Fidelity spokeswoman Arlene Roberts told Bloomberg:
“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.”
Just last week, Fidelity published a survey saying that institutional investors are increasingly open to adding digital assets in their portfolios. Around 22 percent of investors already have some exposure to digital assets, while 40 percent said they are open to taking the plunge in the next five years.
Having over $7 trillion assets under management, Fidelity also launched cryptocurrency custody service earlier this year. The giant recently hired a former head of digital assets project from investment bank Barclays.
An increasing number of traditional financial institutions are looking to offer cryptocurrency services. Online stock brokerage firms E*Trade Financial and TD Ameritrade are also said to be preparing to launch cryptocurrency trading services.
Mobile stock trading app Robinhood, on the other hand, launched cryptocurrency trading services over a year ago, and recently announced a plan to launch an initial public offering.
https://www.coindesk.com/report-fidelity-to-roll-out-crypto-trading-within-a-few-weeks
Best Wishes
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM