Bloomberg: Fidelity May Begin Crypto Trading Within Weeks One of the world's largest financial asset managers, Fidelity Investments, intends to begin trading cryptocurrencies for institutional clients “within a few weeks”. Bloomberg writes about this with reference to a source familiar with the situation.

Bloomberg: Fidelity May Begin Crypto Trading Within Weeks

Fidelity Investments, one of the largest financial asset managers in the world, intends to start trading cryptocurrencies in the interests of institutional clients "Within a few weeks." About writes Bloomberg with reference on familiar with situation source.

"IN present time we have a certain number of clients who have been granted access to the platform, ”a Fidelity spokeswoman said earlier. - We will continue to launch services over the coming weeks and months based on customer needs, jurisdiction and other factors. At the moment, our services are focused on bitcoin ".

As the head of Fidelity Digital Assets Tom Jessop explained, the service is not will be available for retail clients, and the firm will act as an agent in the cryptocurrency market, which will take on the functions of working with exchanges and administration risks.

On last week Fidelity has published the results of its research showing that 22% of institutional investors are already involved in working with cryptocurrencies.

Jessop also reported that hard forks could be a reason that prevents some cryptocurrencies from listing on their platform, citing Ethereum as an example..

Similar articles

• NYT: Telegram may start distributing Gram tokens within two months Telegram informed investors of its blockchain project that the first batch of Gram tokens will be sent out within two months, writes The New York Times, citing three investors who disclosed this information on condition maintaining anonymity due to the current nondisclosure agreement.

  NYT: Telegram may start distributing Gram tokens within two months Telegram informed investors of its blockchain project that the first...

• 11 million TDAmeritrade clients can access cryptocurrencies through cooperation with ErisX The American regulated cryptocurrency exchange ErisX is preparing to launch trading on the spot market and is already conducting testing with companies hoping to use its infrastructure, writes The Block, citing sources familiar with the situation..

  11 million TDAmeritrade clients can access cryptocurrencies through cooperation with ErisX American regulated cryptocurrency exchange ErisX...

• Huawei may release a smartphone with support for blockchain applications One of the largest mobile device manufacturers Huawei Technologies Ltd is considering the possibility of launching a new smartphone with built-in support for applications on the blockchain. Bloomberg writes about this with reference to sources familiar with the situation..

  Huawei may launch a smartphone with blockchain applications One of the largest manufacturers of mobile devices Huawei Technologies Ltd...

• The Huobi Russia exchange has opened the possibility of making ruble deposits The Moscow franchise of the Singapore exchange of cryptocurrencies Huobi opens the possibility of replenishing accounts with Russian rubles and plans to introduce its own service for launching tokens in the near future, writes CoinDesk.

  Huobi Russia Exchange has opened the possibility of making ruble deposits Moscow franchise of the Singapore cryptocurrency exchange Huobi opens an opportunity...