The company is the asset management Fidelity Investments announced plans to include on its custodial platform for digital assets the ability to trade five or seven largest cryptocurrency in terms of market capitalization. It became known of it from the President division of the company Fidelity Digital Asset Services Tom Jessup (Tom Jessop) at the conference Block FS in new York.
Details about the platform, the company revealed a month earlier. Its launch will take Fidelity Digital Asset Services. The platform will provide custodial services for investors: financial institutions, banks and funds. In addition, investors can buy and sell it for bitcoin (BTC) and ether (ETH).
“I think there is a demand for an additional five or seven cryptocurrency in the top ranking in terms of market capitalization. So we’re going to look at it,” said Jessop.
According to Jessup, the company has more than five years studying cryptologie and various cryptocurrencies, besides bitcoin and ether, but so far Fidelity is not sure that such interests have a wide range of clients. Therefore, before taking any action in respect of the other cryptocurrencies with a lower market share, the company decided to focus on the top kainah.
We will remind that according to operating Director BitPay Sonny Singh, the launch of cryptocurrency services Fidelity could lead to a major rally of bitcoin.
