On October 28, Fidelity Investments’ cryptocurrency arm will offer institutional clients the ability to buy, sell, and transfer Ethereum. The Block.
Earlier reports circulated about the company’s plans to launch the corresponding custody and trading services. A Fidelity spokesperson confirmed to the publication the authenticity of the messages.
Fidelity Digital Assets just sent an email to customers announcing that Ethereum will be available for purchase this month. pic.twitter.com/3V0GCrOt5z
— Bruce Fenton 🇺🇸 (@brucefenton) October 19, 2022
«After the completion of The Merge, many investors view the second-largest cryptocurrency through a new prism», — according to a letter to clients.
In June 2022, the company said it planned to double headcount in anticipation of growing institutional interest in cryptocurrencies. These plans envisaged support for Ethereum.
In November 2019, Fidelity Investments launched an institutional-focused crypto custody unit with a sole focus on Bitcoin.
In April 2022, the company announced a service allowing to accumulate Bitcoin in 401(k) retirement accounts.
In September, ForkLog reported plans for Fidelity to launch the trading of the first cryptocurrency for retail clients.
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