Fidelity’s Crypto Platform Prepares to Start Offering Ethereum Trading Next Week – Exchanges Bitcoin News

Fidelity Digital Assets is a subsidiary to Fidelity Investments. It has announced that Fidelity Digital Assets will begin offering ethereum trading services and custody services starting Oct. 28. “Investors will be able to buy, sell, and transfer ether, accessing the same operational excellence, robust security, and dedicated client service model provided for bitcoin investments today,” the firm said.

Fidelity Digital Assets Platform to Offer Institutional Ethereum Capabilities

Fidelity Digital Assets emailed customers to announce that they will offer ethereum trading, custody, and custody services starting this month.

“With the Ethereum Merge completed, many investors are looking at Ethereum through a new lens,” Fidelity Digital Assets wrote. “Wherever you are in your exploration of Ethereum and ether, its native token and currently the second-largest digital asset by market capitalization, Fidelity Digital Assets has the capabilities to help.”

The investment firm added, “Institutional Ethereum capabilities are coming to the Fidelity Digital Assets platform on October 28, 2022,” elaborating:

The ether can be bought, sold, or transferred by investors. Investors have the ability to access the same operational excellence and robust security as bitcoin investment today.

Fidelity Digital Assets (a subsidiary of Fidelity Investments) is an institution custody and trading platform that digital assets. It operates independently as a business. Fidelity started researching Bitcoin and creating blockchain solutions in 2014. Fidelity created FidelityDigital Assets in response to client demand. “Today, we service hundreds of institutions globally,” the firm noted on its website.

A filing filed with the Securities and Exchange Commission (SEC), earlier in this month, indicated that Fidelity is offering an Fidelity Ether Index Fund. This fund is available to accredited investors, with a minimum purchase of $50,000. A Fidelity spokesperson told Barron’s Advisor: “We have continued to see client demand for exposure to digital assets beyond bitcoin.”

How do you feel about Fidelity Digital Assets’ launch of ether trading? Comment below to let us know your thoughts.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. He is interested in Bitcoin security and open-source software, network effects, and the intersection of cryptography and economics.

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