Asset manager offers ETH trading

Fidelity Digital Assets announced to clients, via email, that Ethereum will be available for purchase this month. Investors will then be able to buy, sell and transfer ETH. They can use the same model that is intended for current bitcoin (BTC) investments. The asset manager has also announced plans to offer Ether custody and trading to institutional clients. We can only see the support of the subsidiary of Fidelity Investments for cryptos. She has made a series of announcements on the subject in recent weeks.

The email sent by Fidelity Digital Assets to its clients

Fidelity: Ethereum trading now possible for institutional clients

A customer shared on Twitter an email from Fidelity Digital Assets announcing that Ethereum will be available for purchase this month. The company said that many investors are looking at ether from a new perspective, now that the ā€œ mergernā€ is completed. It probably refers to Merge, which marks Ethereum’s move to the Proof-of-Stake (PoS) model. The latter being more ecological.

The asset manager intends to meet the needs of its institutional clients. Fidelity will thus offer Ethereum trading and custody services. This service will be available from October 28.

Also, Fidelity pointed out in an earlier post that bitcoin is not just a technology. For this asset manager, it is a superior form of money. This company is the subsidiary of the private investment management company Fidelity Investments.

Fidelity Ethereum
Fidelity to offer custody and trading of Ethereum (ETH)

A series of news for the big asset manager

The announcement of the new service comes just after Fidelity announced a new Ethereum index fund. It has raised more than $5 million since the first sale on September 26 through a single investor.

Fidelity Investments has also offered Bitcoin trading to users, according to the WSJ published on September 12. According to Galaxy Digital CEO Mike Novogratz, Fidelity is reportedly working to offer Bitcoin to its 34.4 million investor base. On September 13, Fidelity Digital Assets, Citadel Securities and Charles Schwab announced the creation of EDX Markets, a crypto exchange.

Over the past few months, Fidelity companies have also listed numerous crypto job openings. In particular, there was a crypto wallet product owner at Fidelity Digital Assets.

In April, Fidelity announced plans to allow direct bitcoin investing for 401(k) retirement account holders.

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The Cointribune Editorial Board

The Cointribune editorial team unites its voices to express themselves on topics specific to cryptocurrencies, investment, the metaverse and NFTs, while striving to best answer your questions.

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