01.15.20
Fidelity Investments' Crypto Arm Makes First Push into Europe
by: Tom Wilson; Simon Jessop
Fidelity Digital Assets will act as a custodian for bitcoin held by London-based cryptocurrency investment firm Nickel Digital Asset Management, the two companies said on Tuesday, marking the first foray into Europe for the cryptocurrency arm of Fidelity Investments. Fidelity Digital Assets' Europe head, Chris Tyrer, said the hurdles to participation in cryptocurrency markets by institutional investors—mainly regulation, the quality of service providers, and high volatility—were gradually lowering. “We see those three factors slowly resolving themselves, and as a result we are seeing a pick up in institutional investor interest,” he said in an interview.
Read the full article on Reuters