Fidelity to Launch Cryptocurrency Trading Platform

The world’s fourth-biggest asset manager, Fidelity Investments, who controls around $7.2 trillion in assets, has 27 million customers and provides investment services to around 13,000 institutional advisory firms and brokers, is launching a digital asset trading platform. The subsidiary, termed Fidelity Digital Assets, will provide a seamless cryptocurrency trading and custody experience 24 hours a day, 365 days a year. The launch is expected to occur in early 2019. Tom Jessup, head of the newly established Fidelity subsidiary, says, “In our conversations with institutions, they tell us that in order to engage with digital assets in a meaningful way, they…...