Fidelity Investments is one of the largest asset managers in the world with over $7.2 trillion in assets under management (AUM).
The company has been a major force in the financial services industry for over 70 years and is one of the most trusted names in investing. Given its size and reputation, many investors were surprised when Fidelity announced that it would begin offering Ethereum (ETH) trading to its clients.
This move by Fidelity is a major endorsement of Ethereum and could help to increase mainstream adoption of the cryptocurrency. Ethereum is the second-largest cryptocurrency by market capitalization behind Bitcoin (BTC) and has a wide range of applications beyond simply being used as a digital currency.
Ethereum’s blockchain can be used to build decentralized applications (dApps) and smart contracts.
Fidelity’s decision to offer Ethereum trading comes after the launch of its digital asset platform, Fidelity Digital Assets, in October 2018. The platform was created to meet the needs of institutional investors who are interested in investing in cryptocurrencies.
Fidelity has been carefully investigating the cryptocurrency space for several years and decided to enter it after determining that there was enough interest from its clients.
NOTE: WARNING: Fidelity does not currently sell Ethereum. As such, investing in Ethereum through Fidelity is not an option at this time. Investing in cryptocurrency carries a high level of risk and should only be done with funds that you can afford to lose. Before investing, please ensure that you have read the relevant risk disclosures and consulted with a qualified financial advisor.
At first, only select clients of Fidelity will be able to trade Ethereum through the platform. However, the company plans to make ETH trading available to all of its clients eventually.
Fidelity has not announced when it will begin offering ETH trading to all of its clients, but it is likely that this will happen sometime in 2019.
Ethereum is one of the most popular cryptocurrencies in the world and is currently traded on nearly all major cryptocurrency exchanges. However, due to its relatively new nature, it is not yet available on all traditional financial platforms like Fidelity.
The addition of Ethereum trading on Fidelity’s platform is a big step forward for mainstream adoption of cryptocurrencies.
The ability to trade Ethereum on Fidelity’s platform will likely attract more institutional investors to the cryptocurrency space. This could help to increase demand for Ethereum and drive up its price.
In turn, this could lead to more businesses and organizations using Ethereum’s blockchain technology for various applications.
Yes, Fidelity does sell Ethereum on their trading platform to select clients as of now but plans to make it available for all clients eventually.
6 Related Question Answers Found
Fidelity Investments, one of the world’s largest asset managers with more than $2.4 trillion in assets under management, has been quietly building a cryptocurrency business since 2015. The Boston-based financial services giant has been hiring blockchain engineers and researchers, building out a trading desk for cryptocurrencies, and developing a digital asset custody offering. Now, it appears that Fidelity is ready to take its cryptocurrency business public.
Yes, you can invest in Ethereum on Fidelity. Fidelity offers a few different ways to get exposure to Ethereum, including through its digital assets platform and its cryptocurrency trading desk. Fidelity’s digital assets platform allows investors to buy, sell, and store Ethereum tokens.
Fidelity offers an Ethereum investment opportunity for accredited investors through its Digital Asset Services platform. Fidelity Investments is one of the world’s largest asset managers with more than $2.
4 trillion in assets under management. The company’s foray into digital assets comes as the cryptocurrency market has seen a surge in interest from both retail and institutional investors.
If you’re looking to invest in Ethereum, you may be wondering if you can do so through your Fidelity account. The answer is yes! You can absolutely buy Ethereum through your Fidelity account.
Yes, you can buy Ethereum from Fidelity. Fidelity is a popular online broker that offers investors access to a wide range of investment products, including cryptocurrencies. Cryptocurrencies are a new asset class that is growing in popularity, and Fidelity offers its clients the ability to trade Bitcoin, Ethereum, and other major cryptocurrencies.
Fidelity, one of the largest asset managers in the world with $2.46 trillion in assets under management, has been allowing its clients to buy and sell bitcoin and ethereum since August of 2018. However, it does not appear as though Fidelity clients are able to directly purchase ethereum with fiat currency, only with bitcoin. This could be due to the fact that ethereum’s price is highly volatile and has been on a downward trend since early 2018.
