{"id":31304,"date":"2022-06-01T00:15:00","date_gmt":"2022-06-01T00:15:00","guid":{"rendered":"https:\/\/harchi90.com\/fidelity-to-offer-ethereum-trading-and-custody\/"},"modified":"2022-06-01T00:15:00","modified_gmt":"2022-06-01T00:15:00","slug":"fidelity-to-offer-ethereum-trading-and-custody","status":"publish","type":"post","link":"https:\/\/harchi90.com\/fidelity-to-offer-ethereum-trading-and-custody\/","title":{"rendered":"Fidelity to Offer Ethereum Trading and Custody"},"content":{"rendered":"<div id=\"\">\n<section class=\"article-key-takeaways\">\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Fidelity is planning to offer custody and trading services for Ethereum.<\/li>\n<li>Its Digital Assets subsidiary is hiring more than 200 people to build out the infrastructure needed to provide safe exposure to the Ethereum network.<\/li>\n<li>The statement comes a month after Fidelity Investments announced they would be providing investors the option of allocating up to 20% of their retirement plans into Bitcoin.<\/li>\n<\/ul>\n<\/section>\n<section class=\"article-share top\">\n<h4>Share this article<\/h4>\n<\/section>\n<p>Fidelity is also planning to expand its team of blockchain specialists.<\/p>\n<h2><b>Long-Term Indicators<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Fidelity is planning to offer services for the custody and trading of Ethereum and other cryptocurrencies, according to a new report by the <\/span><i><span style=\"font-weight: 400;\">Wall Street Journal<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report <\/span><span style=\"font-weight: 400;\">stated<\/span><span style=\"font-weight: 400;\">  that Fidelity Digital Asset Services LLC, a Fidelity Investments subsidiary, was looking to hire 110 tech workers with blockchain expertise, including developers and engineers, and 100 customer-service specialists.  These new hires are expected to help build out the infrastructure needed to support Ethereum services.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fidelity Investments is a US company and the fourth-largest asset manager worldwide, with over $ 4.5 trillion in assets under management.  Fidelity Digital Assets was founded in 2018 to provide custody and trading services for Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fidelity Digital Assets will also be transferring platform data and applications to the cloud in order to provide faster transactions, 24\/7 trading support, and institutional-grade security.  The entity will moreover be building compliance and tax-reporting tools.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Asked to comment on the recent market downturn triggered by the Terra protocol&#8217;s collapse, Fidelity Digital Assets President Tom Jessup told the <em>WSJ<\/em> that they were trying to \u201cfocus on some of the long-term indicators,\u201d such as client demand.  \u201cWe are trying to build infrastructure for the future because we measure success over years and decades, not weeks and months,\u201d Jessop further stated.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report comes a month after Fidelity Investments <\/span><span style=\"font-weight: 400;\">announced<\/span><span style=\"font-weight: 400;\">  they would be offering investors the option of including Bitcoin in their 401 (k) retirement accounts, with a maximum allocation of 20%.  The plan was <\/span><span style=\"font-weight: 400;\">met<\/span><span style=\"font-weight: 400;\">  with skepticism from the US Labor Department, which warned of the speculative nature and regulatory risks associated with Bitcoin.  Fidelity responded by noting the sheer demand growth for digital assets exposure throughout various demographics.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies. <\/span><\/i><\/p>\n<section class=\"article-share bottom\">\n<h4>Share this article<\/h4>\n<\/section>\n<section class=\"article-footer\">\n<div class=\"disclaimer\">\n<input type=\"checkbox\" class=\"disclaimer-toggle\" id=\"disclaimer-toggle-118980\"\/><\/p>\n<div class=\"disclaimer-content\">\n<p>The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website .  Decentral Media, Inc. is not an investment advisor.  We do not give personalized investment advice or other financial advice.  The information on this website is subject to change without notice.  Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate.  We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n<p>You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice.  We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment.  We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n<p>See full terms and conditions.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"recommended-posts\">\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Fidelity is planning to offer custody and trading services for Ethereum. Its Digital Assets subsidiary is hiring more than 200 people to build out the infrastructure needed to provide safe exposure to the Ethereum network. The statement comes a month after Fidelity Investments announced they would be providing investors the option of allocating &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/fidelity-to-offer-ethereum-trading-and-custody\/\"> <span class=\"screen-reader-text\">Fidelity to Offer Ethereum Trading and Custody<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":31305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/static.cryptobriefing.com\/wp-content\/uploads\/2021\/04\/30044957\/Fidelity-Sherlock-cover-768x403.png?ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2021\/04\/30044957\/Fidelity-Sherlock-cover-768x403.png","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/31304"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=31304"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/31304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/31305"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=31304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=31304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=31304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}