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    Home » The institutional trading platform Fidelity Investments will cover the largest cryptocurrency capitalization

    The institutional trading platform Fidelity Investments will cover the largest cryptocurrency capitalization

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    By BlockchainJournal on November 29, 2018 News
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    In addition to Bitcoin and Ethereum, the new trading platform Fidelity Digital Assets will support several other largest cryptocurrency capitalization. About this on Thursday, November 29, announced the company's president Tom Jessop, writes CoinDesk .

    Plans to launch a specialized division of Fidelity Investments were announced in October. As then reported, it will provide services for the storage and trading of bitcoin and ether, but the list of assets is likely to be expanded.

    “I think there is a demand for the next four or five cryptocurrencies in the list by market capitalization. We will consider this, ”Jessop said at the Block FS conference in New York.

    According to him, Fidelity is primarily focused on customer requests, which are interested in Bitcoin and Ethereum, since these two cryptocurrencies account for the market share of capitalization.

    “When it comes to security tokens or tokens that can be recognized as securities, we will wait for the development of this space, ” Jessop added. – There was also an interest here, but you can't call it big, so we will focus on five or seven leading cryptocurrencies before we start developing other areas. But I think it will also come. ”

    In October, Tom Jessop said that the cryptocurrency exchanges on the market do a good job with their tasks, because Fidelity Digital Assets will not launch its own platform for trading digital assets. Instead, the division will focus on creating institutional-oriented products for storing large amounts of cryptocurrency.

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