Fidelity will expand the list of supported cryptocurrencies

Fidelity will expand the list of supported cryptocurrencies

BREAKING NEWS: FIDELITY OFFERS BITCOIN FUND & MORE!

Fidelity will expand the list of supported cryptocurrencies

Fidelity Investments, the fifth largest holding company in the world, intends to increase the capabilities of its cryptocurrency institutional platform by expanding the list of supported trading assets to the seven largest virtual currencies..

The financial giant previously reported on the launch of Fidelity Digital Asset Services, which will allow customers to store and conduct trading operations involving Bitcoin and Ether. However, during the Block FS conference, the head of the division, Tom Jessop, said that the issue of adding at least four or five other largest cryptocurrencies by market capitalization is already being considered, and in the future, further expansion of the list is possible..

At the moment, he said, many of Fidelity’s 13,000 institutional clients are expressing interest in bitcoin and ether because they account for a significant market share. Tom Jessop is positive about the continued increase in the number of supported digital assets, noting their enormous technological potential and comparing them to the Internet. Today the company has five years of experience in the cryptocurrency space and has the necessary competencies in this direction..

Recently, the world’s second largest stock exchange, Nasdaq, announced plans to launch Crypto Futures 2.0 launch in early 2019.

text: Ivan Malichenko, photo: fthmb.tqn