Fidelity Investments To Launch Bitcoin Trading For Institutional Clientele

It seems that 2019 is already shaping up to be a solid year for the cryptocurrency industry. Sources tell Bloomberg that one of the world’s largest asset managers will soon offer Bitcoin (BTC) trading to its tens of thousands of institutional clients, setting the stage for a large capital inflow into digital assets.

In late-October of 2018, Fidelity Investments, a Boston-based financial services provider, revealed that it would be launching Fidelity Digital Asset Services (FDAS) — a branch focused solely on cryptocurrency and blockchain technology. And since the announcement, stakeholders the industry over have waited eagerly for FDAS’ inaugural day in operation. But during the months that followed, headlines around the Fidelity subsidiary slowed, and some cynics speculated that it was nothing but a marketing ploy.

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