Investment giant Fidelity to launch crypto trading within weeks, report says
A common theme in cryptocurrency circles in the last couple of years has been the one of institutional investors entering the space. However, certain key players, including Intercontinental Exchange-backed crypto market Bakkt, have postponed their launch.
But a new, big player might join the fray soon. On Monday, Bloomberg reported that finance services behemoth Fidelity Investments will launch a cryptocurrency trading service "within a few weeks."
According to the report, which cites a person familiar with the matter, Fidelity's offering will focus on institutional customers only. In contrast, brokerage firm E*Trade is said to be launching crypto trading for retail investors, while another brokerage firm Robinhood already did so in December 2018. Read more...
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Monday, May 06, 2019
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