Select Page

Fidelity Digital Assets Plans 70% Increase in Staff as Institutional Interest Grows

Fidelity Digital Assets Plans 70% Increase in Staff as Institutional Interest Grows
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

Fidelity Digital Assets is planning on expanding in staff by 70% following a surge in institutional interest in the crypto space. 

The firm is set to hire an additional 100 employees in technology and operations. The roles are set to be based in Dublin, Boston and Salt Lake City. The aim of the new hires will be to help the business develop new products and expand into cryptocurrencies other than bitcoin according to president of Fidelity Digital Assets, Tom Jessop. 

Talking about the exponential growth in hires, Jessop stated that the growth in the market which was accelerated by the Covid-19 Pandemic, “was a real breakthrough year for the space” he said. 

Currently, Fidelity Digital Assets only offers bitcoin services, including custody and trading services. However, Jessop plans to expand the company’s product offering. “We’ve seen more interest in Ether, so we want to be ahead of that demand,” Jessop said.

Fidelity will also look at increasing market trading hours. Since cryptocurrencies do not stop trading over the weekend like the stock market. “We want to be at a place where it’s full-time for most of the week,” Jessop stated. 

Institutional interest grows 

The surge in institutional interest has increased dramatically in 2021. Fidelity Digital will be looking to capitalize on the market growth. Jessop believes that institutional interest in bitcoin, ethereum and other cryptocurrencies is increasing.  “Bitcoin has been the entry for a lot of institutions,” Jessop said. “It’s now really opening up a window on what else is going on in the space.” 

Germany recently passed a ruling allowing crypto investments within institutional funds. Germany’s Federal Financial Supervisory Authority (BaFin) approved the move following previously having reservations about the crypto sector. 

JPMorgan’s analysts have also previously stated that the ability to stake crypto could gain traction as an alternative for institutions to gain extra revenue. The analysts predict that staking could reach up to $40 billion by 2025. Currently, staking generates roughly $9 billion. 

The post Fidelity Digital Assets Plans 70% Increase in Staff as Institutional Interest Grows appeared first on BeInCrypto.


Source: BeInCrypto


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for the android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here


Select a Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber