Crypto Trading & Storage Platform by Fidelity is in Final Testing Stage
- Multi-trillion-dollar valued financial services provider Fidelity stated that its very much anticipated crypto trading and custody platform is in its final testing stage.
- The company has not yet given an exact launch date however, previous rumors suggest that this will happen in March.
Multi-trillion-dollar valued financial services provider Fidelity stated that its very much anticipated crypto trading and custody platform is in its final testing stage.
A “select set of eligible clients” have already been chosen for the platform’s on-boarding phase. At the moment, Fidelity is working on the final touches to the platform as they have auditors checking and re-checking existing policies and procedures as well as setting new benchmarks for this type of blockchain-based finance.
“Our initial clients are an important part of our final testing and process refinement periods, which will eventually enable us to provide these services to a broader set of eligible institutions.”
The company has not yet given an exact launch date however, previous rumors suggest that this will happen in March. The storage component of the platform is already accumulating assets for the company’s initial clients.
“Over the next several months, we will thoughtfully engage with and stage prospective clients based on their needs, jurisdiction and other factors.”
Initially, only Bitcoin and Ethereum will be supported by the Fidelity Digital Asset Services (FDAS) with “institutional-grade custody” included, among other services.
- Social trading platforms are an excellent option for those new to the financial markets as they allow users to directly interact with professional and experienced traders.
- These platforms allow users to follow the trades of others, allowing them to leverage the community’s collective wisdom to make informed investment decisions.
Shutterstock
- The new license allows Bybit to offer its full suite of crypto services to users from the third most populous island in the Mediterranean Sea.
- It not only helped the exchange expand its global presence, but also showed its commitment to compliance with local rules.
- The new partnership will expand on Twitter’s $Cashtags feature, which currently shows price data for a few chosen assets, and provide a wider range of crypto and stock prices.
- Twitter will also direct users to the investment platform through a “view on eTroro” tab, where they will be able to purchase or sale assets of their choice.