Fidelity Plans to Expand their Digital Asset Trading Desk

Fidelity plans to expand their digital asset trading desk further than Bitcoin and Ether.

The head of Fidelity Digital Assets, Tom Jessop explained on the Block FS conference in New York last week that they are looking forward to adding additional currencies to its trading desk platform next year.

With its freshly incorporated subsidiary last month, called “Fidelity Digital Asset Services”, the company aims to offer trading and custody for cryptocurrencies.

Tom Jessop describes the situation as following:  “I think there is demand for the next four or five in rank of market cap order. So we will be looking at that.”   

So far, the biggest portion of their 13k+ institutional clients are into ether & bitcoin as these currencies occupying the biggest part of the currenct market cap, Jessop explained.

While admitting that digital assets have not had great gains this year, he highlighted last years price movements helped Fidelity’s charitable crypto project to collect around $70 million in contributions.

“It was a great story and a great source of donations”

Tom Jessop


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