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Fidelity Launches Company To Help Hedge Funds Trade Crypto

by fortune.com posted 8months ago 53 views
The move amid reports that institutional investors have supplanted individuals as the top bitcoin traders. : Fidelity Investments is launching a new company for institutional clients that will trade and store cryptocurrency assets such as bitcoin and ethereum, the mutual-fund company announced Monday. The new company, named Fidelity Digital Asset Services, will not set up an exchange to trade cryptocurrency assets, but will connect with a number of other crypto exchanges to help its clients quickly find the best price. Fidelity will also store the private keys that control cryptocurrencies with a combination of enterprise software and vaulted cold storage.

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