Fidelity Digital Asset Services, a subsidiary of Fidelity Investments, said institutional demand for crypto trading will increase. It is for this reason that the company wanted to hire new workers. That said, Fidelity, which owns $4.3 billion in assets under management recently launched a service that will be very profitable for its retail clients. Find out what it is.
Bitcoin (BTC) trading now available
According a tweet from Bitcoin Archive on September 8, “Fidelity launches bitcoin trading for retail customers in November“. The company said interested customers have the option to sign up at the end of September. You should know that Fidelity is one of the largest asset managers in the world. The firm recently added the flagship crypto to its clients’ pension funds.
In addition, bitcoin (BTC) trading on Fidelity could allow retail investors to make a lot of money. Moreover, many investment banks and different asset managers are getting into the crypto market. In this context, there is going to be more and more liquidity in the crypto industry. This will lead to significant gains in the event of a bull market. Fidelity is therefore offering individuals a golden opportunity with its new service.
However, all is not rosy in the crypto sphere with the SEC being somewhat intransigent. The regulator has indicated that digital assets are mostly securities. For this purpose, they must be registered with the dedicated government departments that have been created under his control.
Fidelity decided to launch bitcoin (BTC) trading on its platform after adding this cryptocurrency to its clients’ pension funds some time ago. And trading on this platform should be very profitable for investors over the long term.
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