09.12.22
Fidelity Weighs Bitcoin Trading on Brokerage Platform
by: Justin Baer
Sources report that Fidelity Investments is considering a plan to permit individual investors to trade bitcoin on its brokerage platform, which is likely to invite regulatory scrutiny. Industry executives have anticipated this move ever since Fidelity opened its 401(k) accounts to bitcoin. Galaxy Holdings CEO Mike Novogratz, one of Fidelity's first crypto clients, indicated Fidelity would soon join them. The U.S. Department of Labor has expressed concern about companies' decisions to allow its employees to invest in cryptocurrencies through their Fidelity retirement plans, while senators have highlighted inherent risks in investing savings in such assets.
Read the full article on Wall Street Journal