the the launch of The Fidelity of Bitcoin the Trading Desk is likely to be only a matter of weeks. Reports in the media, judging from a first cohort of institutional investors already have access to the platform.
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On 7. May 2019BTC$5.897,00 3.77%part Facebook Twitter LinkedIn xing mail
The founding of Fidelity’s Digital Assets, a subsidiary of Fidelity Investments in October 2018 and high waves struck in this country. Finally, the crypto community expects the market entry of large investors like Fidelity with voltage. The Narrative: The influx of institutional money ensures the legitimacy of infantile current crypto-market. On top of that investors associate with the entry of Big Money a whopping price gains.
The step was considered to be groundbreaking. Finally, Fidelity continued with the commitment to digital Assets like Bitcoin, considerably, from that of the competition on Wall Street.
Since then, it was not, however, hear too much from the Boston asset Manager. That has changed today. Because, as the business magazine Bloomberg reported with reference to anonymous “business-related” sources, could Fidelity be already in the “next couple of weeks the starting shot for the Trading Desk,” – said in the report.
focus on Bitcoin
we Currently support a number of selected clients on our platform. We will continue to expand our services in the coming weeks and months, based on the needs of our customers, the jurisdictions and other factors. Currently, our service offering is focused on Bitcoin,
Bloomberg quoted the spokesperson of the company.
if true, the message might open up institutional investors very soon Bitcoin positions on the platform. A Custody Service according to the Website, however, already live.
Fidelity study provides the moon material
As we are already at 4. May reported, has been recognized Fidelity to the signs of the time. After all, a financial service provider commissioned study has shown that the interest of the major investors in Bitcoin to grow. Almost half (47 percent) of all surveyed institutions holding an Investment in digital Assets makes sense.
7.2 trillion US dollars in assets is Fidelity one of the largest fortune companies in the world. Daily, the Boston-based company also processes 1.3 million Trading positions.
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