In addition to launching a custody service, Fidelity Investments appears set to debut Bitcoin (BTC) trading for institutional clients. The news comes amid reports of Ameritrade and E-Trade quietly testing BTC trading on their respective platforms. $ Trillion Dollar Fidelity Targets Bitcoin Trading. Nov 21, · New Era For Fidelity Investments In the past few years, Fidelity has shown remarkable support for Bitcoin and the cryptocurrency industry at large. The institution was one of the first supporters of Bitcoin as far back as In recent times, Fidelity has shown a serious interest in placing Bitcoin as an investable asset. A [ ]. Although Bitcoin futures are now available for trading on the CBOE and CME, Fidelity does not currently have any plans to offer Bitcoin futures trading for its retail brokerage customers. Are there costs or commissions to buy and sell Bitcoin?
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Fidelity will be joining an increasing pool of institutional players beginning to offer Bitcoin trading. These reports come at a time when BTC is enjoying a positive run and potentially increases the optimism about the asset class. Bitcoin is up more than 50 percent since the start of the year.
The top-ranked cryptocurrency has followed its positive price run in April with a strong start to May so far. Will more investment firms and brokerages join the institutional Bitcoin trading bandwagon?
Let us know your thoughts in the comments below. Could you be next big winner? I consent to my submitted data being collected and stored. More analysts than ever are encouraging young people to take advantage of the current market dip and begin investing in Bitcoin for retirement. Whereas this idea is nothing new Investors with huge risk-appetite, at the same time, have already started allocating bitcoin and other related instruments to their portfolios.
Moreover, the rise in the bitcoin price in the second quarter against yuan devaluation and the US-China trade dispute further showed that big investors are looking at the cryptocurrency as a non-correlated, safe-haven asset. NYDFS so far has given regulatory approval to 23 cryptocurrency-related firms. Earlier this year, the department allowed Bakkt, a digital asset platform backed by the Intercontinental Exchange, to offer bitcoin custodial and derivates services.
Add your thoughts below! Could you be next big winner? I consent to my submitted data being collected and stored. It has caused It is great that retail investors can now easily and safely purchase bitcoin through their online brokerage. I don't want my bitcoins sitting idle if they can be earning.
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