Fidelity Investment, a financial service corporation have plans to launch their own crypto trading service.
According to a spokesperson Arlene Roberts 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.”
Recently the financial firm had published a survey which stated that institutional investors are open to the idea of adding cryptocurrencies in their portfolio. Investors are said to have an exposure of the crypto-ecosystem and close to 40% are ready to dive in the domain in about years.
Fidelity which has which has $7 trillion worth of assets under management had also launched a crypto custody service the previous year. The financial giant hired the head of digital assets projects from the investment banker, Barclays recently.
There is also an increase in traditional banking institutions are looking at offering cryptocurrencies sevices. E*Trade and TD Ameritrade have laid out plans of launching cryptocurrency trading firms of their own.
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Robinhood of the mobile stock trading app, had launched their own trading service in crypto last year and had also recently announced their plans if IPO.