Fidelity Digital Assets to Increase Headcount by 70%: Report

The staff will be used to develop new products and expand into crypto other than bitcoin.

AccessTimeIconJul 12, 2021 at 2:44 p.m. UTC
Updated Sep 14, 2021 at 1:24 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Fidelity Digital Assets plans to increase its headcount by around 70% in anticipation of growing institutional demand for crypto services.

  • The asset manager's president, Tom Jessop, said the firm is looking to add around 100 staff in Dublin, Salt Lake City and Boston, according to a Bloomberg report Monday.
  • The staff will be used to develop new products and expand beyond bitcoin into other cryptocurrencies.
  • “We’ve seen more interest in ether, so we want to be ahead of that demand,” Jessop said, according to the report.
  • Fidelity is also looking to offer trading for more of the week, given the 24-hour nature of crypto markets. Traditional financial markets are open Monday to Friday and close overnight. Jessop says Fidelity's intention to offer crypto trading "full time for most of the week."

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.