Fidelity to Expand its Ethereum Products Offering
The cryptocurrency division of investment giant Fidelity Investments will provide starting on October 28 institutional clients with the ability to buy, sell and transfer Ethereum.
The company’s intentions to launch the corresponding custodial and trading services was previously announced by some media. A Fidelity spokesperson has confirmed the authenticity of the messages:
“After the completion of The Merge, many investors perceive the second largest cryptocurrency by capitalization through a new prism.”
In June 2022, the company announced plans to double the staff in anticipation of the growth of institutional interest in cryptocurrencies. These plans included support for Ethereum.
In November 2019, Fidelity Investments launched an institutional-focused crypto-custodial arm focused exclusively on BTC.
