Report: Fidelity Will Launch Institutional Crypto Trading Soon


Financial services giant Fidelity Investments, which manages more than $2.6 trillion in client assets, is reportedly gearing up to launch its institutional crypto trading service.

According to a report published on Monday by Bloomberg, which cites an individual familiar with the matter, Fidelity is planning on rolling out OTC bitcoin (BTC) trading within the next few weeks.

“We currently have a select set of clients we’re supporting on our platform,” Fidelity spokeswoman Arlene Roberts said in an email to Bloomberg.”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.”

Fidelity already currently offers Bitcoin custody, allowing institutional clients to securely store the leading digital asset.

This news comes just days after Fidelity published a report detailing the institutional investor landscape as it relates to digital assets.

According to the report, a notable 22% of institutional investors surveyed already have some exposure to digital assets, with the majority of investments coming in the past 3 years.

With the upcoming launch of Fidelity’s crypto trading service, this number is undoubtedly set to grow.

More: Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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