Boston, Massachusetts-based, $6.9 trillion asset manager and financial services company, Fidelity Investments, is close to entering the cryptocurrency space, with an announcement from the firm expected “by the end of the year,” if recent comments from Fidelity’s CEO holds true.
Fidelity Investments CEO Reveals Work on Crypto Products, Announcement ComingWhile speaking during last week’s annual Boston FinTech Week, Fidelity Investments CEO Abigail Johnson revealed that the well-known finance firm had some cryptocurrency-related projects underway, that could be revealed by the year’s end.
Fidelity Investments joins Citigroup, Goldman Sachs, and many other major players in the finance space in making preparations to enter the cryptocurrency market in a big way.
Investing through tried-and-true traditional investment firms like Fidelity will offer an added layer of trust, comfort, and familiarity for institutional money that cannot be ignored.
Fidelity also offers clients a way to track their cryptocurrency investments in their Fidelity portfolio as part of a partnership with San Francisco-based cryptocurrency exchange Coinbase that began in 2017.
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