Fidelity Investments plans to launch Bitcoin trading for retail customers on its brokerage platform, The Wall Street Journal reported the matter on Monday, citing people with familiar sources.
The Boston-based investment management company has more than 34.4 million individual brokerage clients on its brokerage platform. Due to this huge customer base, the firm is exploring allowing these retail clients to trade Bitcoin on its brokerage platform.
During a panel discussion at the SALT New York conference on Monday, Mike Novogratz, CEO of crypto investment firm Galaxy, said he had heard Fidelity was moving to offer cryptocurrency to retail customers.
"A bird has told me, a little bird in my ear, that Fidelity is going to shift their retail customers into crypto soon enough. I hope that bird is right," Novogratz said.
Fidelity responded to a request for comment, saying: "While we have nothing new to announce, expanding our offerings to enable broader access to digital assets remains an...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...