RATE Group | We Are Very Careful About Where We Offer Cryptocurrencies
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We Are Very Careful About Where We Offer Cryptocurrencies

12 Oct We Are Very Careful About Where We Offer Cryptocurrencies

Posted at 17:16h in Cryptocurrency News by

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Kathleen Murphy, personal investing president of American financial services company Fidelity Investments, has said that the firm does not offer cryptocurrencies on retail trading platforms to protect its clients.

Murphy voiced this sentiment during an interview with CNBC published on Oct. 11. After the interviewer asked when she expects users to trade cryptocurrency “in a meaningful way” on Fidelity’s platform, Murphy replied:

“You know, we’re really careful about that. So while we embrace crypto in terms of trying to understand it and be innovative and thoughtful… We’re also very careful about where we offer those types of things, so they’re not offered broadly on the retail platform. We want to be very careful about making sure that investors who really aren’t institutional investors […] don’t make a mistake with cryptocurrency.”

Fidelity has a total of $7.4 trillion in customer assets under its management and was expected to roll out Bitcoin (BTC) trading…

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