Fidelity Investments Hiring Employees Because Of Increasing Crypto Interactions

Because of the increasing demand of cryptocurrency Investment, Fidelity Digital Assets is now recruiting new employees to increase their workforce to provide their services more properly and also they are planning for few other crypto related projects.

Fidelity Investment is a hedge funds and family offices, retirement funds and corporate treasuries based fund manager company. This company is now expanding their business in Crypto because of the increasing demand & interest in people.

Tom Jessop, the President of Fidelity Digital Assets, revealed their plans and progress in digital assets services in a interview with Bloomberg on 12 July.

He revealed that they are going to increase the potential of their services by 70%. They are hiring new employees for their company because they want to expand their services in the crypto market alongside hedge funds and family offices, retirement funds.

In this initial stage the company will hire at least 100 new employees, which will increase their potential workforce by 70% at least. 

They will set up their branches to serve service at Multiple locations, so for now their employees will work in  Boston, Salt Lake City, and Dublin. The main work of their new employees will be not only management work in crypto but also they will introduce their new product and service in crypto so that they can expand their business with crypto with more perfection.

They will not be in the Investment of Bitcoin, but they will adopt a few other flagship cryptocurrency which have better potential according to their analysis.

President of digital asset branch of Fidelity stated: 

“we want to be at a place where it’s full-time for most of the week.” 

This is a clear indication that they want to work for crypto trading.

“Bitcoin has been the entry for a lot of institutions. It’s now really opening up a window on what else is going on in the space. A big shift is in the diversity of interest from new and existing customers.”

This is also a clear indication that they believed that it is the perfect time to enter the cryptocurrency market because the market has already crashed and now it will increase slowly.

Read also: U.K Police Seize $250 Million Worth Of Crypto In Money Laundering Investigation