Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts. It is the fourth largest asset manager with $2.4 trillion in assets under management as of December 2017.
Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, wealth management, securities execution and clearance, and life insurance.
Novogratz said that the arrival of institutional players has taken a little longer than expected. As a result, he cuts down on Bitcoin price prediction to below $10000 by the year-end.
Fidelity will be leveraging its huge expertise and technology in launching the cryptocurrency institutional-grade products and custody solutions.
The company’s research arm Fidelity Labs is dedicatedly involved in exploring new horizons and markets using the blockchain technology.
More and more firms dealing with traditional finance are going in for cryptocurrencies. Now it’s time for Fidelity Investments to expand its activities.
Kelly says that the regulated and licensed Bakkt platform will provide an easy entry point for the arrival of institutional products like Bitcoin ETF.
Here is a look at the latest developments and expert opinions on Bitcoin, the cryptocurrency market regulations and the arrival of Bitcoin ETF.
The financial services corporation has announced a trial of the new option that will allow users to manage their cryptocurrency investment portfolios via the platform.
Fidelity Charitable works together with Coinbase to allow investors making contribution in bitcoin.
