Report: Fidelity to Roll Out Crypto Trading ‘Within a Few Weeks’
Fidelity is launching cryptocurrency trading service for institutional customers “within a few weeks," according to Bloomberg source.
Financial services giant Fidelity Investments is said to be launching cryptocurrency trading service soon.
A Bloomberg report on Monday, citing “a person familiar with the matter,” said that Fidelity will roll out the service for trading bitcoin “within a few weeks" and will focus on institutional, not retail, customers.
Fidelity spokeswoman Arlene Roberts told Bloomberg:
Just last week, Fidelity published a survey saying that institutional investors are increasingly open to adding digital assets in their portfolios. Around 22 percent of investors already have some exposure to digital assets, while 40 percent said they are open to taking the plunge in the next five years.
An increasing number of traditional financial institutions are looking to offer cryptocurrency services. Online stock brokerage firms E*Trade Financial and TD Ameritrade are also said to be preparing to launch cryptocurrency trading services.
Fidelity image via Shutterstock
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