The head of Fidelity Crypto: we are building a bridge for institutional investors

President Fidelity Digital Asset Services Tom Jessop in an interview with Laura Shin shared his company’s plans. He spoke about the Fidelity decision not to run an internal exchange about how they’re going to attract institutional investors. In addition, Jessop explained why cryptocurrency wing of the company will be primarily focused on custodial services and execution of transactions.

Cryptocurrency in a more traditional Finance model

The refusal of a private exchange Jessop argued that now there are a lot of other guys who succeeded perfectly in this case. Instead, Fidelity will concentrate their energy on the implementation of market access for their existing customers.

Thus, the company will work with the already established exchanges and infrastructure. According to Jessop, the company focuses more on “the needs of institucionales”, rather than servicing retail customers. At least in the foreseeable future.

That is why Fidelity is building his platform based on the more traditional model. This step is necessary to resolve the major issues in today’s cryptosystem the market. To work on most of the exchanges today, both buyers and sellers need to have funds in advance. This results in braking.

Just from the motivation to provide a positive experience Fidelity plans to adhere to the model that will allow users to conduct transactions on any exchange at the best price. This is how the leadership treats the needs of institutional clients.

Fidelty – the perfect custody solution

Jessop also explained that today there are many investors with large cryptocurrency savings. And they have difficulty conducting transactions because of the lack of reliable and appropriate custodial services. It is this gap in the market plans to fill Fidelity. More data look at cryptodata.

Subscribe to our channel in the Telegram. Here soon!

0 Comments on “The head of Fidelity Crypto: we are building a bridge for institutional investors”

  1. Any chance you will elaborate? Your reasons should be accepted as a given but There are a few points that fit this Namaste- ty for reading

  2. Good job! You certainly covered everything in this post I want to read more from you Do you run any more blogs?

  3. Hi there! I simply would like to give a huge thumbs up for the great data you might have right here on this post I shall be coming again to your weblog for more soon

Leave a Reply

Your email address will not be published. Required fields are marked *