Eventually, I think legacy services like this will be important, perhaps when the next bull market rears its head and demand starts picking up again. I just don't buy the story that all this latent Wall Street demand exists that's about to buy into the market because of Fidelity.
They are in before most of you guys are in. They don't buy into hypes, thats what fools do.
What these legacy institutions are doing right now is set up platforms their clients can and will use, and whenever the time is right, they will offer you a platform, and the coins to sell you they bought at way lower levels. Institutions rightfully wait for competent and known entities to launch these platforms, because they can't be bothered to touch any of the currently existing crypto platforms operated by a bunch of baboons.
Whenever the next bull run is doing its thing, they are ready to short the crap out of it, not buy into it.
