The cryptocurrency bear market has not stopped Fidelity’s new institutional cryptocurrency products and new company from launching. Fidelity Digital Assets was created by the investing giant, Fidelity, last year.
As reported by CNBC, “The collapse in cryptocurrency prices over the last year “haven’t had an impact” on getting up and running, Tom Jessop, head of Fidelity Digital Assets told CNBC at the DC Blockchain Summit. “If you started a crypto fund at the height of the market you’re probably hurting right now.”
Seems the timing is right for Fidelity Digital Assets. Will this launch trigger a BAKKT launch soon? Watch this video below for a viewpoint.