Tag Archives: fidelity

Fidelity Digital Assets – the cryptocurrency subsidiary of the finance giant Fidelity Investments – will allow its institutional clients to trade Ether (ETH). The service will be available on the company’s crypto platform from October 28, 2022. Fidelity Expands its Crypto Scope Earlier this month, the company doubled down on its cryptocurrency efforts by introducing an Ethereum Index Fund. In a recent Twitter announcement, Fidelity Digital Assets revealed the launch of...

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Fidelity Investments doubled down on its cryptocurrency efforts after its brokerage arm – Fidelity Brokerage Services LLC – offered an Ethereum Index Fund to clients. The product has raised around $5 million since sales started at the end of September, while outside investors can participate in the initiative with a minimum investment of $50,000. Fidelity’s Next Crypto Step One of the largest entities in its field (with over $4.5 trillion in assets under management) received...

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A group of leading venture capital firms and broker-dealers announced the creation of the cryptocurrency platform – EDX Markets (EDXM). The launch received support from giant finance players, including Citadel Securities, Fidelity Digital Assets, Charles Schwab, Sequoia Capital, Paradigm, and Virtu Financial. The Plan Came to Existence At the beginning of the summer, market makers Citadel Securities and Virtu Financial teamed up with retail brokerage firms Fidelity Investment...

The asset management firm Fidelity is reportedly weighing plans to bring Bitcoin trading to individual investors on its brokerage platform.  If true, this would give 34.4 million retail customers at Fidelity access to the largest cryptocurrency by market cap.  Fidelity’s Next Bitcoin Foray The claim is according to people familiar with the matter who were contacted by the Wall Street Journal.  It was also predicted by Galaxy Digital CEO Mike Novogratz, who said that...

Rick Synrod – a former executive with 401k and retirement giant Fidelity – will take over as the new chief operations officer for Bitcoin IRA, a digital currency platform that allows people to place their retirement funds in crypto. Rick Synrod Will Join Hands with Bitcoin IRA Synrod will be responsible for overseeing digital asset operations in his new role. He will also monitor processes, policies, and strategies designed to make Bitcoin IRA reach its financial goals....

Anthony Scaramucci – the man behind Skybridge Capital and a former employee in the Trump administration – said in a recent interview that despite the recent crash, he’s confident bitcoin is in a good place. Anthony Scaramucci on the State of BTC He says bitcoin is going to experience a “demand shock” in the coming months, meaning everyone is going to want in again and the price of the asset could spike like nobody’s business. He’s confident the currency is going to make...

A few months ago, Fidelity – one of the biggest retirement account firms in the world – announced that it was going to allow customers to put some of their retirement savings into digital currencies like bitcoin and Ethereum. Fidelity Rubs Senators the Wrong Way The news saw many traders and investors hitting the roof. This would surely make all crypto legitimate and mainstream, but it also rubbed a lot of people the wrong way, especially democrat senators. They scoffed...

Fidelity Investments has opened its retirement services to those who love crypto. Fans of digital currencies like bitcoin and Ethereum can now purchase these assets and many others like them through their Fidelity-based 401Ks and retirement funds. Fidelity Is Stirring Concerns Amongst US Lawmakers Naturally, the move leads to many questions, a main one being, “How big will the crypto space become from here on out?” The maneuver is likely to lead to new levels of...