On Mar. 8th a division of Fidelity Investments announced that their service including bitcoin trading and custudy services are live with some clients and will continue rolling out slowly. Fidelity Investments is the world’s fifth largest asset manager that has over $2.5 trillion in assets under management.
Fidelity investments focus on providing bitcoin trading and custody services for large financial institutions, including hedge funds, family offices, pensions and other institutional investors.
Institutional investors are interested in cryptocurrencies more that ever in spite of the bear market. Fidelity CEO Abigail Johnson is a true believer of cryptocurrencies and also investor and crypto-miner.
