Fidelity’s cryptocurrency subsidiary Fidelity Digital Assets will reportedly launch bitcoin trading for its clients “within a few weeks,” according to Bloomberg.
According to the report, which cites an anonymous source, the new services will be open only to institutional investors.
Speaking with the publication, Arlene Roberts, a spokeswoman for the investment company, said, “We currently have a select set of clients we’re supporting on our platform. We will continue to roll out our services over the coming weeks and months based on our clients’ needs, jurisdictions, and other factors. Currently, our service offering is focused on Bitcoin.”
Fidelity will join the likes of Robinhood and E-Trade, in a short but expanding list of traditional investing platforms who have entered or are looking to enter the crypto space. Last month, it was reported that securities brokerage firm E-Trade was finalizing plans to offer bitcoin and ether trading to its customers, and TD Ameritrade even piloted bitcoin and litecoin paper trades through Nasdaq last April.