Topic: Fidelity Investments Aims to Release Crypto Products by Year End (Read 112 times)

With so much involvement of capital and companies in crypto, there are still no sign of price rise. It all seems to be a planned manipulation of the large players to buy the coins holded by small investors at cheap price and again dump to them when the price rises.

At present, many large companies have entered the crypto market, and there are also industry giants such as Microsoft and Starbucks. We look forward to more such large institutions to join, which will drive the development of the entire industry.
And the entry of these investment institutions will inject fresh blood into the market.

Fidelity Investments Aims to Release Crypto Products by Year End
Fidelity Investments CEO Abigail Johnson has revealed that the company is working on a number of cryptocurrency and blockchain-related products and offerings, with their release tentatively fixed for sometime before the end of the year.

Speaking on Friday at the Boston Fintech Week conference, Johnson declined to go into any specifics regarding what exactly Fidelity is working on in the crypto space, but investors and other market participants are likely to pay close attention to subsequent Fidelity announcements as it continues to build a reputation as one of the most crypto-positive large financial service firms in the world.

‘A Few Things Underway’
Speaking about Fidelity’s plans for moving into the cryptocurrency space, Johnson said:

“We’ve got a few things underway, a few things that are partially done but also kind of on the shelf because it’s not really the right time. We hope to have some things to announce by the end of the year.”

The announcement will come as welcome news to crypto markets, which continue to anticipate the entry of large institutional investment that by and large has not yet taken place. In a market with a total capitalisation still below $300 billion despite a surfeit of publicity and investment sentiment, Fidelity has consistently been one of the few large firms that has repeatedly and openly signaled its interest.
https://www.ccn.com/fidelity-investments-aims-to-release-crypto-products-by-year-end/