10.16.18
Fidelity Says It Will Trade Bitcoin for Hedge Funds
by: Justin Baer
Fidelity Investments said it will store and trade bitcoin for hedge funds and other professional investors. Bitcoin observers said Fidelity's move will lend the cryptocurrency world some mainstream credibility and potentially remove some obstacles for buyers and sellers. A new business Fidelity announced Monday, Fidelity Digital Asset Services, will allow institutional clients to trade bitcoin and ether, as well as additional assets in the future. The firm for now has no plans to extend the trading of cryptocurrencies to retail customers, said Tom Jessop, Fidelity's head of corporate-business development.
Read the full article on Wall Street Journal