Fidelity to Offer Bitcoin Trading to Its Individual Customers

by in Cryptocurrency News

Fidelity retail traders Bitcoin

Leading financial services provider Fidelity considers offering Bitcoin trading services to its retail customers. According to a release by Wall Street Journal, the institution with over 34 M brokerage accounts is looking into ways to enable retail investors to trade BTC on its brokerage platform.

Related: Fidelity Digital Assets to Double the Number of Workers

Fidelity Investments has been interested in the crypto industry for years. In 2018, the firm formed a bitcoin trading business for institutional investors. Earlier this year, it enabled corporate clients to add BTC to its 401(k) retirement savings plan.

Galaxy Digital CEO Mike Novogratz dropped a hint about Fidelity's plan on Monday. At the SALT forum held in New York, he announced having heard rumors about the financial company's plans to offer customers to trade cryptocurrencies soon. Novogratz said he hopes the news are right and we are seeing this institutional march.