Fidelity Cryptocurrency Platform Live with Selected Client
Fidelity financial service giant of U.S announced in a Twitter post that the Fidelity cryptocurrency platform is now live on 8 March.
The cryptocurrency platform is now live with a selected group of clients. They are now focused on hedge funds, family offices, pensions and other institutional investors.
Fidelity previously announced in late January that the cryptocurrency platform is final stages of testing. In the medium post, the firm stated that after the initial announcement in October 2018, it has continued to develop the platform for trading, supporting digital assets and making it more secure.
In January some rumours are spread from anonymous sources that the Fidelity platform will live in March.
Fidelity Digital Assets head Tom Jessop said in an interview that they will add support for other cryptocurrencies later this year. Initially, the cryptocurrency platform supports only Bitcoin (BTC).
When asked about Ethereum Tom said that they will love to list Ethereum the second largest cryptocurrency by marketcap but the Constantinople hardfork delays the listing. The Ethereum network is under upgrades and Fidelity wants to see how the upgrades affect the network.
Fidelity is the biggest investment firm of the USA which expected to attract a large number of investors in Bitcoin after launching their platform. It is a really good sign for Bitcoin and other Crypto coins as fidelity going to open the doors for investors to invest in Cryptocurrency.
