Fidelity to Expand Presence in Europe after MiCA Implementation
The forthcoming MiCA regulation aims to introduce a uniform set of rules and guidelines for crypto assets that currently operate outside the scope of traditional financial regulations.
The forthcoming MiCA regulation aims to introduce a uniform set of rules and guidelines for crypto assets that currently operate outside the scope of traditional financial regulations.
The exchange will operate with a combination of a tighter spread, proven technology by MEMX, and the best practices found in the traditional financial market to ensure that retail and institutional investors in the US experience fast, secure, and efficient crypto trading.
The announcement comes barely a month after Fidelity Investment emerged as the first major pension plan provider to allow individuals to set aside a portion of their savings in Bitcoin by offering a dedicated 401(k) investment plan.
Fidelity noted that the way miners are accumulating and the mining industry has revived post the ban in China, they are set for a long haul.
The Fidelity boss believes that the recent Bitcoin price rally is more sustainable and not just driven by short-term bulls. He also believes that Bitcoin doesn’t pose any threat to the USD.
Fidelity’s plan to increase its workforce has been credited to the growing demand for cryptocurrency transactions that the company has been dealing with on a day-to-day basis.
Coinspeaker is highlighting a distinguished group of women who have and continue to play key roles in the male-dominated crypto sector.
Fidelity global asset allocation director directly compared Bitcoin to gold, concluding the digital asset will over time take a bigger market share from gold.
BlockFi’s annual fee falls 0.25% below what industry leader Grayscale Bitcoin Trust (GBTC) charges investors as BlockFi aims to compete with GBTC for the top spot.
Growing demand for BTC corresponds with evidence suggesting that it is no longer traded only by tech-savvy early adopters.