Kathleen Murphy, personal investing president of American financial services company Fidelity Investments, has said that the firm does not offer cryptocurrencies on retail trading platforms to protect its clients.
Murphy voiced this sentiment during an interview with CNBC published on Oct. 11.
"You know, we're really careful about that. So while we embrace crypto in terms of trying to understand it and be innovative and thoughtful We're also very careful about where we offer those types of things, so they're not offered broadly on the retail platform. We want to be very careful about making sure that investors who really aren't institutional investors don't make a mistake with cryptocurrency."
Fidelity has a total of $7.4 trillion in customer assets under its management and was expected to roll out Bitcoin trading for institutional clients in May. More recently, Fidelity Center for Applied Technology was revealed to be an early customer of the Bitcoin mining services announced by blockchain technology company Blockstream in August.
As Cointelegraph reported on Oct. 9, Rayhaneh Sharif-Askary, director of sales and business development of cryptocurrency asset management giant Grayscale, has stated that institutional investors are constantly piling into the space in 2019.
Fidelity Exec: We Are Very Careful About Where We Offer Cryptocurrencies
Publicado en Oct 12, 2019
by Cointele | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.