Fidelity Considers Expansion of Digital Asset Trading: “There is Demand for the Next Four or Five in Rank of Market Cap”
Fidelity Digital Asset Services, LLC has announced its intentions to expand its crypto custody and trading services platform for enterprise clients in a decision that signals the firm’s growing interest in the economic utility of this emerging market.
Speaking at the Block FS conference in New York, Tom Jessop, head of Fidelity Digital Assets commented that Fidelity is seriously considering the ideas of expanding its services after a successful performance of its recently created platform, however, the process is slow and requires certain formalities and legal considerations before becoming a reality.
“I think there is demand for the next four or five in rank of market cap order. So we will be looking at that”
Mr. Jessop stated that for now the company’s interest is focused on monitoring the top 7 cryptocurrencies in the global market cap. This is mainly due to the regulations associated with the possible categorization of lower value tokens as securities; however,…
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