Fidelity Investments May Launch Crypto Trading Soon

This is reported by the Bloomberg; it's worth reminding  final stage of testing the Fidelity's platform for trading and storing digital assets took place in Feb
06 May 2019   423

The Fidelity Investments financial corporation, which manages $ 7.2 trillion in funds, will open up the opportunity to buy and sell bitcoins for institutional clients within a few weeks. It is reported by Bloomberg, citing informed sources.

At the moment, a limited number of investors have access to the platform. Over the coming weeks and months, it's expected Fidelity will to launch Bitcoin services, focusing on requests from jurisdictions and customers.

Add that according to the latest study of the division of Fidelity Digital Assets, 22% of institutional investors are already involved in working with cryptocurrencies.

The final stage of testing the Fidelity's platform for trading and storing digital assets took place in February.

In March, the site management announced that it doesn't plan to add other cryptocurrencies, focusing on Bitcoin. In particular, a number of planned hard forks prevented Ethereum's listing.

According to the results of a survey conducted by the consulting firm deVere Group, 68% of wealthy people have either already invested in cryptocurrency or are going to do it before the end of 2022.

Fake Trading Share to Reach 68%, - FTX Global

This figure, however, is significantly lower than what Bitwise's report and the discrepancy is explained by the difference in methodology
04 July 2019   978

The exchange of derivatives FTX Global and Alameda Research conducted a study that estimated the volumes of fictitious transactions (wash trades), presumably prevailing in many cryptocurrency exchanges.

The report says that 68.6% of trading volumes displayed by CoinMarketCap are fake. This figure, however, is significantly lower than what Bitwise Asset Management announced in March.

The discrepancy between the results in almost 30% of the authors of the new study is explained by the difference in methodology. So, FTX Global is sure that Bitwise used an too strict approach to data analysis, which is why a significant proportion of real trading volumes fell into the category of fake ones.

While our methods are not foolproof, we believe they paint the most accurate picture of the true nature of cryptocurrency trading volume that anyone has made publicly available as of yet.
 

FTX Global Team

The Alameda methodology involves verifying the authenticity of data on trading volumes on various exchanges based on six different parameters, including manual verification of information and comparison of order books.

FTX Global Website
FTX Global Website

In particular, the experts found out that some sites provided data on the volumes of foreign exchanges for their own, with a slight delay in time. Other platforms used more advanced techniques - for example, they introduced large fake volumes only against the background of many smaller orders, thus trying to hide the true state of affairs.

The main purpose of these tactics is to raise the platform higher in the CoinMarketCap rating, creating a false impression of its liquidity. It also sometimes allows for the ability to charge a higher listing fee.