Fidelity to launch Bitcoin retail trading in November

Fidelity to launch Bitcoin retail trading in November

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Fidelity to launch Bitcoin retail trading in November

CryptoSlatea month ago
BitcoinBitcoin
Published on September 09, 2022 10:05 GMT+00:00edited on September 09, 2022 18:31 GMT+00:00

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Fidelity Investment Managers will offer retail customers Bitcoin trading from November, according to Eight founder Michaël van de Poppe.

The firm is among the most significant investment managers in the U.S., with $4.3 trillion in assets under management as of March 31.

Commenting on what this means for the sector, van de Poppe said

“The adoption grows and it accelerates.”

Fidelity bets big with Bitcoin

Spurred by the burgeoning interest in Bitcoin, Fidelity launched its subsidiary business Fidelity Digital Assets (FDA), in October 2018, which caters to the growing institutional client demand for cryptocurrencies.

“Our continued research drives our belief that bitcoin is more than an asset; it represents the foundation of our business and a new financial system.”