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Fidelity is Weeks Away From Offering CryptoCurrency Trading

Thanks for @bankxrp for finding this. We find out this morning that the GIANT Fidelity Investments will offer Crypto trading within a few weeks. We have been waiting for this moment since we got wind late last year that Fidelity will offer crypto trading. This is massive news. Fidelity is one of the largest asset managers in the world with $2.46 trillion in assets under management as of March 2018 and a combined total customer asset value number of $6.7 trillion.

Bloomberg put out an article this morning titled: “Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks
Fidelity will only be targeting institutional customers, not retail at the start. Currently, Fidelity will only be focused on Bitcoin, but I am sure down the line we will see other assets added to the platform. Fidelity Spokeswoman Arlen Roberts stated in an email:

“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 be doing OTC trades to get things started.  But I think next year or maybe even later this year as more and more investment companies get involved we will start seeing digital assets traded like regular stocks.

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