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The Problem with Fidelity’s Crypto Trading Platform

October 16, 2018

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The Problem with Fidelity’s Crypto Trading Platform

October 16, 2018



It always seems to be for accredited investors.


For those of you who are accredited investors, the Blockchain world is wide open to you, in terms of what Crypto assets you can invest in. For those of you who are not, current developments in the space can sometimes seem a little baffling.


To elaborate, at times it can seem as though some companies believe widespread adoption means getting high net worth individuals to buy in to Crypto, in droves. What they seem to forget is that widespread adoption should also include everyday people, who do not meet the requirements of being an accredited investor, by United States or even global standards.


Fidelity Investments appears to be one of those companies that has let this slip, albeit deliberately.


Yesterday, via Coindesk, it was announced that Fidelity plans to launch its own equivalent of a Crypto trading platform for enterprise customers, akin to Coinbase Prime.


Fidelity’s launch of an institutional platform is perhaps even more important, given that they reportedly manage around $7.2 trillion and until recently, were not known as having any sort of impact in the Crypto space.


Furthermore, their reason for this launch appears to indicate a large level of traditional enterprise investor interest in Cryptocurrencies. According to Fidelity, certain institutions that were probably their existing customers indicated that to invest in Cryptocurrencies, they would need to do so with a trusted financial provider, who is regulated.


On a deeper level, this could also mean that certain big players might be ready to throw their weight behind Crypto, because of the existence of this new platform. If, after using Fidelity’s product, institutions are satisfied with the offering, then we just might see a major jump in market volume over the next few months. All of this, of course, depends on who these interested institutions are and how much they are willing to pour into Crypto related investments.


Following that, 2017 just might repeat itself, due to the increased market liquidity.


Only time will tell whether throwing another massive amount of support behind traditional financial institutions will equal the growth that the Blockchain industry has been searching for, especially this year.




By: BGN Editorial Staff


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