Fidelity Close of Offering BTC and ETH to its Clients!

[wry]

I thought this was some exciting news out of the USA.  Mainstream and well known discount brokerage and financial services firm Fidelity announced today that they would be rolling out their Fidelity Digital Asset Services in the first quarter of this year.  This will combine an exchange as well as "institutional" grade custodial services.

For those of you who have been keeping track of the ongoing failed saga of the Bitcoin ETF, one of the SEC's hold ups is that there is no reliable way (by their standards) for firms to hold crypto securely.  This will go a long way, a very long way, towards overcoming that objection.

Fidelity has been a proponent of Bitcoin for quite some time and I am really excited to see them continue to move forward.  To have a mainline retail brokerage firm in the USA offer BTC and ETH as legitimate products is a true win for crypto enthusiasts.  Equally important, accounts there should be insured by the Securities Investor Protection Corporation so if something does happen to your coins there you are covered and will be made whole.  If you've lost coins on an exchange, you know what a potential relief that is.

Anyway, a very good thing!

Link to story:  https://www.coindesk.com/fidelity-in-final-testing-period-for-crypto-platform

[polor12]

Going mainstream....this shows a guarantee form of currency...that can be use anywhere..not yet.. this just the beginning..but its secured the way it is..or just having insurance on your coins for precautions if something do go wrong during exchange...

[Kate]

First of all that's actually a great concept where we get a kind of insurance or insurance for the coins and as being a trader this 'insurance thing' would be taken up by many traders since trading is risky and that this feature can help to reduce the amount of loses incurred.

[athena2007]

well thats a good move by them i will check them out and see what else they are offering

[xtinepink]

Yes the Bitcoin Etf was indeed a long wait and to see that Fidelity and Bakkt are on its near launch (first quarter of this year) is somewhat exciting as many people are waiting for this. Hopefully that this will also effect the price of btc and so with other cryptos as I believe that it opens doors for other investors. 

[neich]

ill check that out.

hopefully in 2k19 the prices will stable.

[williamshennie9]

It seems like all these good things are happening to the crypto market, but the price doesn't seem to reflect these advances. I hope that all these companies accepting cryptos creates a bull market, especially for those of us holding crypto.

[bmg]

On 2/1/2019 at 9:57 PM, xtinepink said:

Yes the Bitcoin Etf was indeed a long wait and to see that Fidelity and Bakkt are on its near launch (first quarter of this year) is somewhat exciting as many people are waiting for this. Hopefully that this will also effect the price of btc and so with other cryptos as I believe that it opens doors for other investors. 

  I hope your right about it opening doors for other investors so it will raise the value of bitcoin.    That would be great.

[wry]

There was a really nice update to this story today!

While Fidelity announced they were holding off on Etherium for awhile, the progress on rolling out the platform for Bitcoin is progressing well.  Tom Jessop, the guy at Fidelity heading this up says in the article that despite "crypto winter" there is a lot of action and activity around Bitcoin and crypto assets.  I found the article very encouraging!  Looks like this is going to happen!

Link:  https://www.coindesk.com/tom-jessop-fidelity-talk