March 28, 2024

Fidelity expands its cryptocurrency business amid an influx of investors

Fidelity expands its cryptocurrency business amid an influx of investors

Fidelity Digital Assets announced the expansion of its product line and the addition of the ErisX crypto exchange.

Representatives of Fidelity Investments, one ofthe largest holding companies in the world, note that now there is an increase in investor interest in the digital asset market and capital saving in digital gold.

According to them, in recent weeks, a strong momentum has formed in the cryptocurrency segment against the backdrop of pension funds, family offices, large hedge funds looking for new solutions and ways to counter the growingcrisis caused by the coronavirus pandemic.

In this regard, Fidelity Digital Assets has partnered with the ErisX trading platform to provide clients with new options for storing and trading digital assets, as well as redirecting orders between markets.

It should be noted that the high-risk factor and the strengthening of the correlation of the bitcoin rate with the stock markets now have little effecton the desire of large investors to use cryptocurrency to diversify their portfolios.

</p>