Fidelity’s Senior Manager Highlights Early Development Stage of Cryptocurrencies

Fidelity began invading the crypto sphere about a decade ago. He originally expressed interest in Bitcoin and decentralized technology in 2014.

In order to do this, he established a subsidiary of Fidelity Digital Assets in 2018.

The debut of a program for institutional investors, who can now incorporate Bitcoin in their retirement savings, was one of the most significant milestones in the growth of the corporation’s crypto business last spring.

Furthermore, Fidelity intends to considerably expand the employees of its crypto business in the near future.

Bitcoin, Cryptocurrency

Engineers, customer service representatives, and blockchain analysts will be hired by the company. Retail clients were permitted to invest in Bitcoin and ether at the end of last year.

Last week, Christian Staub, head of Fidelity’s European business development division, told reporters that the digital currency industry is still in its early stages.

Despite the current dip in BTC, the firm has no intentions to exit the sector. On the contrary, it hopes to establish itself in the environment in the next years.

The senior management stressed that the adoption of a regulatory framework for the crypto sphere in the major markets will be the driving force behind its development.

Christian Staub added:

Although we feel that this asset class is getting more complicated, digital currencies remain unregulated. The creation of a regulatory framework will hasten the use of digital currencies in the economy.

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