RATE Group | Bullish: Massive Wall Street Company Makes Bitcoin Foray Into Europe
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Bullish: Massive Wall Street Company Makes Bitcoin Foray Into Europe

15 Jan Bullish: Massive Wall Street Company Makes Bitcoin Foray Into Europe

Posted at 11:04h in Ethereum News by

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Fidelity Investments — the Wall Street financial services giant with over $2 trillion under management — in 2018 and 2019 rolled into the Bitcoin space. The company last year started with a pilot of a cryptocurrency custody and trade execution platform, offering these services to a select set of clients.

But just a month or two ago, around the time Fidelity Digital Assets secured a New York trade and custody license that allowed it to serve clients in that state, the service has been released to hundreds of eligible clients.

Also, a few weeks later it was announced that the company’s crypto division had incorporated a U.K.-based branch, giving Fidelity the opportunity to offer Bitcoin services to European clients, including “hedge funds and family offices.”

According to a press release shared by Fidelity Digital Assets, this new firm will offer “access to enterprise-quality custody and trade execution services for digital assets to…

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