RATE Group | Bitcoin is Riskier for Retail Investors: Fidelity VP
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Bitcoin is Riskier for Retail Investors: Fidelity VP

11 Oct Bitcoin is Riskier for Retail Investors: Fidelity VP

Posted at 14:36h in Bitcoin News by

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The bitcoin market is 90 percent retail-based. And that makes Fidelity Investments nervous about its very-own digital currency offerings, says the company’s Personal Investing President, Kathleen Murphy.

The business executive said in an interview with CNBC Squawk Box that bitcoin is a far riskier asset for retail investors that it is for institutional investors. She admitted that while Fidelity’s chief executive officer, Abigail Johnson, is a huge fan of cryptocurrency, the company is still cautious about how it wants to offer its bitcoin custodian and trading services to investors.

Murphy confirmed that Fidelity is embracing cryptocurrencies because they want to understand it further. And while doing so, they want to be innovative and thoughtful about the digital currency space.

Nevertheless, the firm does not want to offer trading services on a retail level, Murphy said, adding that they “want to be very careful about making sure that investors that REALLY are not…

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