Some speculators have been drawn to Bitcoin trading as a way to make a quick profit. However, as is the case with most speculative investments, you need to be careful. Buying, selling, and using Bitcoins carry numerous risks. Among them: The price of Bitcoin and other digital currencies has fluctuated unpredictably and drastically. Nov 25, · The head of sales and marketing at Fidelity Digital Assets, Christine Sandler, says Fidelity will greatly expand its crypto offerings in the future – the big question is when. In a new interview on the Unchained Podcast, Sandler says the investment giant, which currently offers Bitcoin investment services to institutional clients, is. Bitcoin adoption on Wall Street is looking real as a $ trillion financial giant wins a license to trade and custody it. Boston-based Fidelity today announced that it has received permission from the New York State Department of Financial Services (NYDFS) to offer bitcoin trading and storage services.
When will fidelity trade bitcoinFidelity Wins Trading License in New York, Hurray to Bitcoin
In a new interview on the Unchained Podcast, Sandler says the investment giant, which currently offers Bitcoin investment services to institutional clients, is constantly analyzing the retail sector. We think about it all of the time, and we do get, look, and we do obviously, get a lot of inbound interest from retail clients.
And as we said before though, for us to be a really great institutional provider, we have to remain focused on this institutional client and not to take away from that focus…. When it comes to supporting other crypto assets, Sandler says Ethereum is currently on the road map, along with support for staking — although a launch date has not been set. I would be remiss if I could state a date, but definitely on the road map….
I think to be a digital asset custodian, and offering proof of stake assets, you definitely have to offer staking services. It puts you at a disadvantage, so I would expect us to build up those services once we can support Ethereum. Sandler says the focus among large investors in the crypto space remains centered on the leading cryptocurrency, Bitcoin.
On occasion, we do hear from investors that are seeking access to Ethereum, but most of what we still hear is Bitcoin.
So, the predominant institutional narrative is around Bitcoin. Please check your inbox or spam folder to confirm your subscription. Earlier this year, the department allowed Bakkt, a digital asset platform backed by the Intercontinental Exchange, to offer bitcoin custodial and derivates services. Add your thoughts below! Could you be next big winner? I consent to my submitted data being collected and stored.
Prev Next. Tags: bitcoin , Cryptocurrency. For updates and exclusive offers enter your email below.