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.
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