RATE Group | Will Fidelity Be The Catalyst That Brings Crypto Trading To The Masses?
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Will Fidelity Be The Catalyst That Brings Crypto Trading To The Masses?

16 Oct Will Fidelity Be The Catalyst That Brings Crypto Trading To The Masses?

Posted at 20:35h in Cryptocurrency News by

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Cryptocurrencies have had a rough go of it this year, with the prices of the leading digital tokens including bitcoin and ethereum plummeting. The knock on virtual currency: it has failed to take off with the masses as regulators have increased scrutiny and retailers haven’t embraced it as a payment method.

Fidelity Investments, however, could play a role in changing all that.

This week it announced it was creating a stand-alone company that is focused solely on bringing cryptocurrency trading to institutional investors. Dubbed Fidelity Digital Assets, the company will offer institutional investors custody services, a cryptocurrency platform and advising to its institutional clients.

Fidelity isn’t going after retail investors with the offering, but it could help boost the validity of cryptocurrencies, eventually pushing it downstream to regular investors.  After all, when the CME Group and CBOE World Markets launched their bitcoin futures in the early part of 2018…

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