The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Fidelity’s crypto ambitions are bigger than what we expected

3 min reading

Fidelity believes that 90% of its most important clients like to acquire Bitcoin and other cryptocurrencies. This firm is now looking forward to introduce retail investors to the world of digital assets.

Fidelity believes that 90% of its most important clients are interested in gaining Bitcoin and other cryptocurrencies. This firm is now looking forward to opening up the digital asset space to retail investors.

Fidelity is planning to put cryptocurrency market in the side-line as it seems to be more ambitious than it seemed before as the asset manager looks to give more institutional pathways to digital assets. During a recent interview with Boston Globe, Christine Sandler, head of sales and marketing for Fidelity Digital Assets mentioned that the institutional liking in crypto is developing on a daily basis. Many investors, the initial entry into crypto has been Bitcoin (BTC) and to lesser extent, Ether (ETH).

Tom Jessop the head of Fidelity Digital Assets stated that the pandemic was a huge motivation for investors to finally get into crypto: “What really got people off the fence was the pandemic, because you’ve got this scarce asset class there will only ever be 21 million bitcoins created and an environment where our currency is being debased, and there’s a ton of

money printing.” It is already known that most institutional investors are carefully taking part in the crypto market for the first time this year. Institutional interest is usually existing in purchasing Ethereum or Bitcoin directly.

Fidelity investment seems to be ahead of the race, focusing strongly to be the first to offer the infrastructure important for the investors to directly access the crypto market. It was during March this year the Fidelity gave in the S-1 document of the Securities and Exchange Commission (SEC formally seeking the approval of their own Bitcoin ETF named wise origin Bitcoin trust. At the end of July, Fidelity gained a 7.4% stake in North American crypto miner Marathon Digital Holdings, which was worth $20 million.

Fidelity made it own special venture capital division known as Devonshire Investors, investing in cryptocurrency startups like ErisX, Talos and Coin Metrics. The company’s crypto ambitions have been powered by a developing demand from clients to access crypto investment opportunities. A new trend is being noticed around important institutional funds and banks in the United States and Globally. Based on a recent report, U.S bank JP Morgan is now giving clients access to six crypto-dedicated funds. 

The criticisms during the beginning of digital assets, firms like BlackRock, Goldman Sachs and Citibank have also mentioned a more optimistic outlook on Bitcoin. The recent survey from London based crypto fund Nickel Digital Asset Management stated that most of wealthy managers expected to grow their exposure to crypto in the future.

Currency Exchange rate Buy cryptocurrency

Buy crypto now

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.