Financial services giant Fidelity Investments will reportedly be launching a cryptocurrency trading service soon. According to a person familiar with the matter, Fidelity will begin the service for trading bitcoin “within a few weeks,” focusing on institutional customers, rather than retail.
“We currently have a select set of clients we’re supporting on our platform. We will continue to roll out our services over the coming weeks and months based on our clients’ needs, jurisdictions, and other factors. Currently, our service offering is focused on Bitcoin, ”Fidelity spokeswoman Arlene Roberts told Bloomberg.
Fidelity published a service last week, in which it said that institutional investors are increasingly open to adding digital assets in their portfolios. CoinDesk reports that nearly 22 percent of investors have some exposure to digital assets, meanwhile, 40 percent said they were open to going for it within the next five years.
The financial services giant also launched a cryptocurrency custody service earlier this year, in addition to hiring a former head of digital assets project from investment bank Barclays.