BTC and ETH might not be the only cryptos in Fidelity, says CEO

29 Nov, 2018
by Alberto Arnaldo
BTC and ETH might not be the only cryptos in Fidelity, says CEO

Last month, their announcement of a platform for institutional investors caused a lot of positive expectations. Tom Jessop, CEO, says now there will be more to it than just Bitcoin and Ethereum.

The digital assets branch of Fidelity, a multinational financial services corporation which manages assets in excess of $2 trillion, will be including more cryptocurrencies in their platform, according to declarations by Tom Jessop at the Block FS conference today in New York, as reported by CoinDesk.

Jessop acknowledged the inclusion due to popular demand from their more than 13,000 institutional clients.

He did not specify the cryptos to be added, but did gave a hint when saying that “there is demand for the next four or five in rank of market cap order. So we will be looking at that”.

Right now, that would mean that XRP, Bitcoin Cash, Stellar, Eos and Litecoin might end up being part of Fidelity’s digital asset supply.

While not being exactly an exchange, clients of Fidelity will have access to a trade execution platform, custodial functions and advice from company experts. The inclusion of new coins in their service seems like strong positive news to be taken into account.

Read more: Fidelity divulge more about their venture into crypto; Fidelity Digital Assets launches to bring crypto to institutional investors

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Other than BTC and ETH, which coin do you think Fidelity should add to their platform?

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