Fidelity could allow bitcoin trading for its retail customers.

According the report of WSJthe asset manager Fidelity would consider offering bitcoin trading to retail investors on its brokerage platform.

Fidelity to offer bitcoin trading to individuals

According to the report, Fidelity could provide bitcoin access to over 34 million brokerage accounts. In effectthat would give to the 34.4 million retail customers of Fidelity access to bitcoins.

In addition, Fidelity has yet to release an official announcement regarding the development. However, the CEO of galaxy Digital, Mike Novogratzalso predicted that the bitcoin supply of Fidelity would soon extend to individuals in a speech at the conference SALT Monday.

“A bird told me that Fidelitya little bird in my ear, will move its retail customers to the crypto fast enough. I hope that bird is right. And so we are witnessing this institutional march.

Additionally, rumors about the offer have been circulating on social media over the past week. Some say the rollout will arrive in November.

Bonus: Indian regulator ED unfreezes WazirX accounts.

The foray of Fidelity in the crypto space

Fidelity has been involved in the cryptocurrency world for quite some time now. In April, news broke that Fidelitythe largest provider of 401(k) savings accounts (k) in the United States, would launch a product that would allow employees to deposit 20% of their retirement funds in bitcoins. Furthermore, the SEC and members of Congress have disapproved of the addition of bitcoin by Fidelity to retirement plans.

“Investing in cryptocurrencies is a risky and speculative bet, and we are concerned that Fidelity take those risks with the retirement savings of millions of Americans,” Senator Elizabeth Warren wrote in a letter to Fidelity.

The company also launched two new exchange-traded funds (AND F) this year which give customers an exposure to companies in the space crypto and metaverse. It has also filed an application with the SEC to launch a AND F Bitcoin which, if approved, would give clients direct exposure to the digital asset.

In 2021, the director global macro of Fidelity, Jurrien Timersaid the mosts largest cryptocurrency by market capitalization had a “unique advantage over gold. »

To read: CME Group announces the launch of options on Ether futures contracts.

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