Fidelity Digital assets it's a division of Fidelity that gives custody and trading of Cryptocurrency To Traders and Institutional Investors for now only operates in Bitcoin but that can change if the Customers demand allow, they will offer Ethereum.

It's not new that big Institutions are offering custody of digital assets to their customers,the last week the ING Bank announced that is preparing to enter into the custody of digital assets in 2020 just to remember ING Bank,is one of the Biggest Worldwide Banks based in Netherlands.

The custody of Ethereum services will be hosted if the Fidelity Digital Assets customers show interest in the asset but the Firm is already doing a lot of work In Ethereum.

Opening Custody of Ethereum also can open a new market to  compete with companies like Coinbase or BitGo that also offer Custody of Digital assets.

Fidelity Digital Assets started operations in the beginning of 2019 and also the past November received a License to offer services of custody in Digital Assets in the New York State.

Financial Institutions are widely entering to the crypto market and let's see how many more will bet In the Market in 2020.

Republished Article Original Found At Uptrennd Platform From My Authorship Here.