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Fidelity to launch bitcoin trading for retail clients

Fidelity to launch bitcoin trading for retail clients

Investment giant Fidelity Investments will offer bitcoin trading to retail clients of its brokerage arm, The Wall Street Journal reports, citing informed sources.

At present the company offers various crypto-ETFs and institutional-focused cryptocustodial and trading services.

«A little bird told me that Fidelity will soon move retail clients to cryptocurrency. I hope it’s right», — said Galaxy Digital CEO Mike Novogratz.

«We have nothing to report beyond the fact that digital assets remain in focus of our attention», — said representatives of The Block.

The brokerage arm serves 34 million clients.

In April 2022 Fidelity Investments announced a service allowing clients to аккумулирования биткоинов в подобных продуктах.

Subsequently, it emerged that the company’s plans обеспокоили the U.S. Department of Labor, as well as Senators Elizabeth Warren and Tina Smith.

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