Wall Street has arrived in the cryptocurrency arena. Fidelity Investments, one of the largest real estate managers on the planet, will launch a "Weekly" crypto transaction service according to a Bloomberg report . Fidelity says the Cryptocurrency trading product is aimed at institutional traders and will first focus on bitcoin. Fidelity spokesman Arlene Roberts said:
"We currently have a selection of clients we support on our platform. We will continue to roll out our services in the coming weeks and months based on our customers' needs, jurisdictions and other factors. Currently, our offer is focused on Bitcoin. "
Fidelity is one of the first major players on Wall Street to embrace bitcoin. The company revealed previous plans for an institutional degree encryption service and promised a bitcoin trading platform.
This story is evolving.