x
--d : --h : --m : --s
Get tickets

Fidelity’s Bitcoin Trading Is Only Weeks Away

by

        Fidelity’s Bitcoin Trading Is Only Weeks Away
Fidelity’s Bitcoin Trading Is Only Weeks Away

Fidelity's cryptocurrency subsidiary Fidelity Digital Assets will reportedly launch bitcoin trading for its clients “within a few weeks,” according to Bloomberg.

According to the report, which cites an anonymous source, the new services will be open only to institutional investors.

Speaking with the publication, Arlene Roberts, a spokeswoman for the investment company, said, “We currently have a select set of clients we’re supporting on our platform. We will continue to roll out our services over the coming weeks and months based on our clients’ needs, jurisdictions, and other factors. Currently, our service offering is focused on Bitcoin.”

Fidelity will join the likes of Robinhood and E-Trade, in a short but expanding list of traditional investing platforms who have entered or are looking to enter the crypto space. Last month, it was reported that securities brokerage firm E-Trade was finalizing plans to offer bitcoin and ether trading to its customers, and TD Ameritrade even piloted bitcoin and litecoin paper trades through Nasdaq last April.

Recommended

During Bullish April, Fiat-to-Crypto Exchanges Outperform Crypto-to-Crypto

In an analysis of cryptocurrency exchange performance in April, CryptoCompare found that fiat-to-crypto exchanges performed better than crypto-to-crypto platforms did as cryptocurrency prices rose across the board.

Jimmy Aki

Coinbase CEO Teases Launch of Debit Card in the U.S.

During an AMA session, Coinbase CEO Brian Armstrong announced that the company is working on introducing its debit card to customers in the U.S.

Jimmy Aki

BitGo Announces New Settlement System for Institutional Clients

Blockchain security company BitGo is launching a new service for institutional clients: a clearing and settlements system that operates off-chain.

Landon Manning

Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust

In a first quarter statement for 2019, Grayscale Investments reported significant growth in its Bitcoin Investment Trust.

Jimmy Aki