Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of finance and cryptography.
Fidelity’s Crypto Platform Prepares To Start Offering Ethereum Trading Next Week – Exchanges Bitcoin News
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has informed clients that it will begin offering ethereum trading and custody services on October 28. “Investors will be able to buy, sell and transfer ether, and access the same operational prowess, robust security, and dedicated customer service model provided for bitcoin investments today,” the firm said.
Institutional Ethereum Capabilities Coming to Fidelity Digital Assets Platform
Fidelity Digital Assets has sent an email to clients announcing that it will offer ethereum custody and trading services this month.
“With the Ethereum merger complete, many investors are looking at Ethereum through a new lens,” wrote Fidelity Digital Assets. “Wherever you are in your exploration of Ethereum and Ether, its original token and currently the second largest digital asset by market capitalization, Fidelity Digital Assets has the capabilities to help.”
The investment firm added, “Institutional Ethereum Capabilities Coming to Fidelity Digital Assets Platform on October 28, 2022,” elaborating:
Investors will be able to buy, sell and transfer ether, accessing the same operational prowess, robust security and dedicated customer service model provided for bitcoin investing today.
Fidelity Digital Assets, a subsidiary of Fidelity Investments, is an institutional custody and trading platform for digital assets that operates as a separate business. Fidelity began researching bitcoin and developing blockchain solutions in 2014. The securities firm established Fidelity Digital Assets after seeing demand from its clients. “Today, we serve hundreds of institutions globally,” the firm noted on its website.
The company also offers a Fidelity Ethereum Index Fund, available to accredited investors with a minimum investment of $50,000, according to a filing with the Securities and Exchange Commission (SEC) earlier this month. A Fidelity spokesperson told Barron’s Advisor: “We have continued to see client demand for exposure to digital assets beyond bitcoin.”
What do you think about Fidelity Digital Assets launching ether trading and custody services? Let us know in the comments section below.
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