Menu

Fidelity, American Investment Firm, Going to Launch Crypto Trading Platform

Fidelity, American Investment Firm, Going to Launch Crypto Trading Platform

Share This!

Fidelity, one of the largest American investment firms, has announced to launch crypto trading platform. Fidelity Digital Assets Exchange is in the final testing stage nowadays. The firm had announced to build a cryptocurrency trading platform back in October 2018.

American Investors showed much excitement on this announcement because Fidelity is one of the largest financial services providers in the country. Now, the official sources confirm that the company is ready to launch a crypto trading platform.

This seems quite surprising because cryptocurrencies are in the red zone nowadays. Almost, all the crypto tokens are losing their values with every passing day. Bitcoin and Ripple, the two of the top five cryptocurrencies have once again touched their bottom values.

About Fidelity Investment

Fidelity Investment started its operations from Boston in 1945 as an investment management company. It started cryptocurrency mining in 2015. The company stepped in digital world through a small subsidiary Fidelity Digital Assets Services in 2018. The main objective of this digital trading platform is to facilitate the institutional investors.

Fidelity Investment, Crypto, Exchange, Institutional Investors

Final testing phase of this trading platform is in process and the company has selected set of clients to go through the testing phase. In an official blog post, Fidelity Investment has clarified that it has established certain technical and operational standards that will meet the customers’ demands.

👉 Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2012! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020. If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.

worldmarkets

The blog post also throws light on the problems that the firm had to face during the development phase of this platform. It also pays homage to the untiring efforts of its development team. It is also clear from this blog post that their operations, compliance, and risk teams are still working on this platform. With the help of auditors, they are trying to reform and refine the policies and procedures.

Fidelity Digital Assets Platform to Attract Institutional Investors

Here, it is important to mention that this trading platform will not facilitate all. Instead, the company has developed it to attract institutional investors. This is why people did not believe in establishment of this platform.

We can say that cryptocurrency boom that started in the last week of December 2017 and continued till 4th January is the main reason behind this launch. During this period, almost all the cryptocurrencies had touched their all time high values. It was then that people began to think that Bitcoin will replace United States Dollar and revolutionize the world finance.

Fidelity, Investment, Cryptocurrency, Exchange

 

Due to increasing prices of crypto tokens, Fidelity customers demanded for a trading platform to start investing in cryptocurrency. Therefore, establishment of its own digital asset platform became inevitable for the company.

Fidelity spokesperson says in a blog post that their conversation with institutional investors helped them to understand the clear demands of the customers. They wanted a trusted platform to engage in cryptocurrency.

The firm confirms that it is working with crypto regulators to make the exchange fully compliant with the regulations. The company has said nothing about which digital assets it will support. But, we can hope that it will offer support for major cryptocurrencies including Bitcoin, Ethereum, Ripple, and Litecoin.

If You'd Like to Get Notified When This Site is Updated, Subscribe Below...

Leave a Reply

Your email address will not be published. Required fields are marked *

IQ Mining




Binary Option Scams, Warnings, Reviews & Updates...

Binbotpro

Popular Articles

Follow Us

Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More

Show Buttons
Hide Buttons