Investing in Bitcoin: New Institutional Platform by Fidelity
Fidelity Investments has recently announced the launch of a separate arm, which will give its institutional clients the opportunity to trade in cryptocurrencies like Bitcoin. The arm, known as Fidelity Digital Asset Services, LLC, will buy and sell digital currencies for various monetary ventures such as hedge funds and family offices. According to the press release, the firm will source all of its cryptocurrency from large, over-the-counter exchanges. They will also be safely kept in a cold storage to ensure that customer funds are safe from theft. As stated by Abigail Johnson, chairman and chief executive of Fidelity, “Our goal…





