Financial corporation Fidelity Investments will launch Bitcoin trading service (BTC) in the very near future. It is reported by Bloomberg, citing an informed source.
According to Bloomberg, “within a few weeks”, Fidelity Digital Assets, a subsidiary of the fourth-largest investment fund in the world of Fidelity (about $ 7 trillion in the asset portfolio), will begin offering bitcoin futures to institutional investors. It is emphasized that we are talking only about legal entities, as well as large orders.
Meanwhile, this news comes amid the repeated delay in launching work with such tools not only from Fidelity Digital Assets, but also from the Bakkt platform. Both platforms can not "break through" through bureaucratic obstacles, facing frankly exaggerated requirements for operations with cryptocurrencies .
The point is that if in the classical world of financial instruments cases of fraud and deception are considered routine crimes, then in the world of cryptocurrency regulators, represented by the CFTC and SEC, intend to achieve “perfect cleanliness” and “100% guarantee”, which is questionable financial operations will be completely excluded in case of launching cryptocurrency derivatives, which is basically impossible.
It is noteworthy that the Bloomberg agency in its message chose to pack the information in the form: “according to information from anonymous sources”. It is worth noting that Fidelity Digital Assets was launched in October 2018, and in January of this year, the platform confirmed that it began to provide custodial services for cryptocurrency for a small circle of institutions.
Regarding information, Bloomberg in Fidelity does not say anything about a specific date, noting that this can happen "in the coming weeks and months, depending on the requests of our customers, legal regulation conditions, and other factors." Representatives of the platform also stressed that the intended access to the cryptocurrency trading world will be “focused” on Bitcoin , if one happens at all.
The fact that institutional investors are already investing in cryptocurrencies, including directly, is a fact that is confirmed by market research .
Meanwhile, fixed-term Bitcoin contracts with the condition of real buying and selling of cryptocurrencies for institutional investors face the fact that there is no unified approach to the regulation of cryptocurrencies in the United States, either at the federal or state level.
Publication date 07/05/2019
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