Fidelity"s Crypto Platform Prepares to Start Offering Ethereum Trading Next Week
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has informed customers that it will start offering ethereum trading and custody services on Oct. 28. “Investors will be able to buy, sell, and transfer ether, accessing the same operational excellence, robust security, and dedicated client 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 customers announcing that it will be offering ethereum custody and trading services this month.
“With the Ethereum Merge completed, many investors are looking at Ethereum through a new lens,” Fidelity Digital Assets wrote. “Wherever you are in your exploration of Ethereum and ether, its native 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 are coming to the Fidelity Digital Assets platform on October 28, 2022,” elaborating: Investors will be able to buy, sell, and transfer ether, accessing the same operational excellence, robust security, and dedicated client service model provided for bitcoin investments today.
A subsidiary of Fidelity Investments, Fidelity Digital Assets 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 investment firm established Fidelity Digital Assets after seeing demand from its clients. “Today, we service hundreds of institutions globally,” the firm noted on its website.
The company is also offering a Fidelity Ethereum Index Fund, available to accredited investors with a minimum investment is $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.” Tags in this story fidelity, Fidelity Digital Assets, Fidelity either trading, fidelity eth, Fidelity ethereum, Fidelity ethereum custody, Fidelity ethereum trading, Fidelity Investments
What do you think about Fidelity Digital Assets launching ether trading and custody services? Let us know in the comments section below. 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 between economics and cryptography. Binance Obtains Registration as Crypto Service Provider in Cyprus EXCHANGES | 6 mins ago Brazil-Based Neobank Nubank to Launch Own Cryptocurrency as Part of Loyalty Program EXCHANGES | 1 day ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleRelictum Pro Thrives in Bear Market with Its Token Price Surging 4 Times Next articleBitcoin’s Hashrate Remains Stronger Than Ever in the Face of Crypto Winter Prices and Sky High Difficulty Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItDraft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Iran to Increase Penalties for Unauthorized Cryptocurrency Mining Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher