Fidelity Plans To Launch Cryptocurrency Storage Service In March

Fidelity Digital Asset Services (FDAS) said their custody service components are already partially operational and some virtual assets are under management, but the official launch of the custody service is due in March..

Cryptocurrency division Fidelity has announced that it has started providing services to a limited number of clients as it continues to engage in product development. Over the next several months, the company plans to actively interact with potential customers, determining their priorities, depending on the needs, jurisdiction and other factors..

The storage will be opened first for bitcoins, and then for ether. However, the timing of the start of brokerage operations between FDAS clients and market makers has not yet been set..

Fidelity Plans To Launch Cryptocurrency Storage Service In March

In November 2018 Tom Jessop, head of Fidelity Digital Asset Services, said the company is considering working with 4-5 more other leading cryptocurrencies, but this will depend on investor interest. So far, the topic of expanding the list of supported assets is not touched upon. The company also oversees the development and regulation of the security tokens market, since considers them as a potential tool for his activities.

Earlier, we also reported that the Chicago Seed CX Exchange began trading bitcoins. in its spot market.

text: Ivan Malicheno, photo: WSJ, CNBC

Fidelity Plans To Launch Cryptocurrency Storage Service In March

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