Share this article
Fidelity Is Launching a Crypto Trading Platform
Fidelity Investments, one of the world's largest financial services providers, is launching a crypto trading and storage platform.
By Nikhilesh De
Updated Sep 13, 2021, 8:29 a.m. Published Oct 15, 2018, 4:52 p.m.
Make us preferred on Google
Financial services provider Fidelity Investments is launching a cryptocurrency trading and storage platform.
Fidelity Digital Asset Services, LLC will provide cryptocurrency custody and trading services for enterprise clients, the company announced Monday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Tom Jessup, who is heading up the new division, announced the platform at Bloomberg's Institutional Crypto event. It hopes to draw institutional investors, including hedge funds, family offices and market intermediaries.
Fidelity is one of the five largest financial services providers in the world, maintaining some $7.2 trillion in client assets.
"Those efforts have been successful in helping us understand and advance our thinking around cryptocurrencies ... The creation of Fidelity Digital Assets is the first step in a long-term vision to create a full-service enterprise-grade platform for digital assets," he said, going on to add:
"In our conversations with institutions, they tell us that in order to engage with digital assets in a meaningful way, they need a trusted platform provider to enter this space. These institutions require a sophisticated level of service and security, equal to the experience they're used to when trading stocks or bonds."
As such, Fidelity plans to build a "scalable infrastructure" that takes advantage of Fidelity's existing experience in building such platforms, he said.
At launch, the new company will offer "institutional-grade custody," trade execution and "dedicated client service," the press release continued.
The platform will custody bitcoin, ethereum and other yet-to-be-named cryptocurrencies at launch. As part of its security system, Fidelity will hold the cryptocurrencies in cold storage, along with "multi-level physical and cyber controls," the release explained.
Fidelity Investments CEO and chairman Abigail Johnson said the new platform's goal is to "make digitally-native assets, such as bitcoin, more accessible to investors," according to the release.
Image via Conensus
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
What to know:
- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
- Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
- Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.
Top Stories
