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   220

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.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   321

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.