Fidelity

The pro-bitcoin financial giant is reportedly considering allowing its over 34 million individual investors to buy bitcoin through its online brokerage.

However, one might argue that Fidelity is ignoring the noise of the ecosystem and continuing to deliver innovative service offerings. [platform](https://bitcoinmagazine.com/markets/fidelity-unveils-new-institutional-grade-cryptocurrency-investment-service) which allowed institutional investors and hedge funds to trade bitcoin, and more recently, the company partnered with MicroStrategy to launch its [Bitcoin 401(k)](https://bitcoinmagazine.com/business/microstrategy-to-allow-employees-to-invest-in-bitcoin-as-part-of-401k-plan). Fidelity Investments is reportedly considering allowing individual investors to invest in bitcoin on its brokerage platform, per a report from the

Fidelity Investments is weighing a plan to allow individual investors to trade bitcoin on its brokerage platform, people familiar with the matter said, ...

[has said it was concerned](https://www.wsj.com/articles/labor-department-criticizes-fidelitys-plan-to-put-bitcoin-on-401-k-menu-11651197309?mod=article_inline) about companies’ decisions to allow its employees to invest in cryptocurrencies through their Fidelity retirement plans. senators have also raised questions](https://www.wsj.com/articles/sen-elizabeth-warren-questions-fidelitys-plan-to-put-bitcoin-in-401-k-s-11651714649?mod=article_inline) about the plan, citing the risks inherent investing savings in such risky assets. Later, it added a link on retail customers’ accounts to [Coinbase](https://www.wsj.com/market-data/quotes/COIN), the crypto exchange, to track their holdings. [to champion digital assets](https://www.wsj.com/articles/fidelity-once-stodgy-and-adrift-bets-on-the-reddit-crowd-11643125668?mod=article_inline) and the technology that underpins them. “A bird told me that Fidelity, a little bird in my ear, is going to shift their retail customers into crypto soon enough,” Mr. Now, the Boston firm is working toward bringing crypto to its more than 34.4 million brokerage accounts, the people said.

Galaxy Digital Holdings (OTC: BRPHF) founder and CEO Mike Novogratz has claimed to have heard that Fidelity Investments will "shift retail customers into ...

[Visit Benzinga's Crypto Homepage](https://www.benzinga.com/markets/cryptocurrency) - 1,000,000+ depend on Benzinga Crypto every month [cryptocurrency](https://www.benzinga.com/money/best-cryptocurrency/) market, according to the report. [cryptocurrency](https://www.benzinga.com/money/best-cryptocurrency/) market include expanding access to and enhancing the infrastructure supporting the asset class. [Acumen Fund](https://www.flickr.com/photos/acumenfund/) on flickr [report](https://www.ccn.com/billionaire-mike-novogratz-crypto-fund-is-fidelitys-first-custodian-client/), the first alpha crypto custody customer of Fidelity Digital Assets is Galaxy Digital, which is listed on the TSX-V stock exchange in Toronto. [Bloomberg quoted ](https://www.bloomberg.com/news/articles/2022-09-12/galaxy-s-novogratz-says-fidelity-to-shift-retail-to-crypto-soon?utm_content=crypto&utm_medium=social&utm_source=twitter&utm_campaign=socialflow-organic#xj4y7vzkg)Novogratz as saying during the SALT conference in New York on Monday.

In 2019, Novogratz said that Fidelity letting retail customers buy Bitcoin would be "most bullish thing possible"

"In the next chapter, it's gotta have to be the opposite. He recalls that BlackRock, the world's largest asset manager, now allows those clients who use its Aladdin platform to Bitcoin's previous bull runs were even more driven by the predominant narrative, according to the Galaxy Digital boss.

In its latest move to embrace cryptocurrencies, Fidelity Investments is exploring allowing its more than 34.4M brokerage clients to trade bitcoin (BTC-USD) ...

[BTC-USD](https://seekingalpha.com/symbol/BTC-USD)) climbed 3.5% to $22.4K at 4:23 p.m. [BTC-USD](https://seekingalpha.com/symbol/BTC-USD)) to their managed [401(k) retirement plans](https://seekingalpha.com/news/3826591-fidelity-will-soon-enable-bitcoin-investing-in-401k-plans). [BTC-USD](https://seekingalpha.com/symbol/BTC-USD)) to its 401(k) plans, [Senator Elizabeth Warren](https://seekingalpha.com/news/3833321-elizabeth-warren-seeks-answers-from-fidelity-on-adding-bitcoin-to-401ks) (D-MA) questioned why it made that decision and how it will address risks to its customers.

Thomas Farley, the incoming chief executive officer of crypto exchange Bullish said he is bearish on cryptocurrencies in the short term. Whereas he is ' ...

He also said at the time that there’s not much institutional money coming into the cryptocurrency space in short term. The Galaxy Investments CEO added that he heard of Fidelity’s plans to shift of retail customers into crypto at some point. In the 2021 bubble, it was probably 70% narrative and 30% product that played out.” He added that there might not be a lot of institutional money flowing into crypto until last year. The largest asset manager’s addition of crypto into its Aladdin was the biggest thing for the industry, he added. Novogratz added that it was all about the narrative around crypto projects than the product itself. Recently, Mike Novogratz said [Bitcoin was not going past $30,000](https://coingape.com/bitcoin-not-going-to-30000-anytime-soon-says-galaxy-digital-ceo-mike-novogratz/) in near future. In 2017 bubble, it was probably 95% narrative and just 5% the actual product. This week, we will have the Ethereum Merge done.” He said the utility of blockchain projects should actually start having an impact on the market in coming future. He said despite the various drawbacks, there are some people building great utility around the technology. Whereas he is

Financial services giant Fidelity is contemplating whether to let individual brokerage customers trade bitcoin (BTC), according to a report in the Wall Street ...

"A bird has told me, a little bird in my ear, that Fidelity is going to shift their retail customers into crypto soon enough," Novogratz said. CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). Mike Novogratz, CEO of crypto investment firm Galaxy, said during a panel discussion at the SALT New York conference that he had heard Fidelity was moving to offer crypto to retail customers. senators](https://www.coindesk.com/policy/2022/07/28/dick-durbin-joins-us-senators-criticizing-fidelitys-plan-to-include-bitcoin-in-401k-plans/). Labor Department](https://www.coindesk.com/policy/2022/04/29/us-labor-department-has-grave-concerns-about-fidelitys-plan-for-bitcoin-in-401k-retirement-plans-wall-street-journal-reports/) and from [multiple U.S.

Fidelity Investments might provide clients with access to Bitcoin via its brokerage platform, according to a report from The Wall Street Journal.

Remains to be seen if the strategy to offer Bitcoin trading to its brokerage accounts will attract the same level of attention from U.S. In that sense, the Senators deemed Bitcoin and crypto, assets unworthy of being used as a long-term investment. The government officials inquired about the product, and a potential breach of instructions issued by the U.S. At the time of writing, BTC’s price trades at $22,400 with a 4% profit over the last 24 hours. The firm has been highly engaged in crypto markets, and already announced products that will provide their wealthy clients with exposure to the cryptocurrency. The strategy was hinted at by Galaxy Holding, one of Fidelity’s largest clients, CEO and crypto bull Mike Novogratz.

Fidelity customers may soon be able to buy crypto via their brokerage accounts, according to reports today.

It has also filed an application with the SEC to launch a Bitcoin ETF that would, if approved, give customers direct exposure to the digital asset. Fidelity has an app that allows its retail customers to manage their investments from their phones. "I hope that bird is right."

The financial services giant Fidelity is considering a move that would allow its individual brokerage customers to trade Bitcoin (BTC), according to the ...

senators such as Elizabeth Warren, a frequent cryptocurrency critic. Labor Department and U.S. See related article:

The Wall Street Journal reported that Fidelity Investments may allow retail investors to trade bitcoin, citing sources familiar with the matter.

[bitcoin 401k accounts have](https://beincrypto.com/fidelity-investments-adds-crypto-to-401k-products/) been receiving most of the attention in recent months. In any case, it seems like the crypto market is Novogratz’s word on the retail foray of Fidelity is an optimistic sign. Through its mining operations, the firm has made a decent sum of money. The Wall Street Journal reports that Fidelity Investments is considering allowing individual investors to trade bitcoin on its brokerage platform. “A bird told me that Fidelity, a little bird in my ear, is going to shift their retail customers into crypto soon enough.

Fidelity Investments plans to launch Bitcoin trading for retail customers on its brokerage platform, The Wall Street Journal reported the matter on Monday, ...

Regardless, the company maintained its commitment to investing in crypto trading technology. One year later, the firm launched its Bitcoin index fund, which amassed over $125 million in investments in May this year. Due to this huge customer base, the firm is exploring allowing these retail clients to trade Bitcoin on its brokerage platform. Despite that, Fidelity Digital Asset Services, a subsidiary of Fidelity Investments, [launched plans](https://blockchain.news/news/fidelity-investments-unveils-plans-to-expand-business-by-hiring-crypto-savvy-staff) to double its headcount on the bet that institutional investor interest in crypto would persevere. I hope that bird is right," Novogratz said.

Fidelity Investments is reportedly considering launching a crypto investment product for its 34.4 million individual investors on its brokerage platform.

The Wall Street Journal (WSJ) on Tuesday noted that Fidelity is currently “weighing a plan” to Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s](https://cointelegraph.com/news/sen-warren-asks-fidelity-to-address-the-risks-to-put-bitcoin-in-401-k-s) [BTC](https://cointelegraph.com/bitcoin-price)) trading services to its 34.4 million retail investor base, according to Galaxy Digital CEO Mike Novogratz and people familiar with the matter.

The financial services giant Fidelity Investments is considering a move that would allow its individual brokerage customers to trade Bitcoin (BTC), ...

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The financial giant has been marching into digital assets, making waves this year by allowing corporate clients to include Bitcoin in 401(k) plans.

[reported Tuesday](https://www.wsj.com/articles/fidelity-weighs-bitcoin-trading-on-brokerage-platform-11663008698), citing anonymous sources. according to a report—a move that would mark a significant advancement in the financial giant’s [march into digital assets](https://www.barrons.com/articles/bitcoin-worth-to-fidelity-51651782243?mod=article_inline). ](https://www.barrons.com/market-data/cryptocurrencies/btcusd?iso=coindesk)

Fidelity Investments, a pioneer among traditional finance firms in the cryptocurrency space, is now considering letting its brokerage platform users trade ...

Tina Smith, D-Minn., expressed concern about [potential conflicts of interest](https://financialadvisoriq.com/c/3596844/460544?referrer_module=article&highlight=fidelity%20dol). And in April this year, Fidelity announced two new thematic exchange-traded funds, the Fidelity Metaverse ETF and the Fidelity Crypto Industry and Digital Payments ETF. In 2018, the company launched the Fidelity Digital Assets custody and trading service.

Financial heavyweights including Charles Schwab (SCHW), Citadel Securities and Fidelity Investments announced the start of cryptocurrency exchange EDX Markets, ...

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). The firm's trading platform will be provided by the Members Exchange (MEMX), a U.S.

Financial giants Charles Schwab, Citadel Securities, and Fidelity Investments today announced the launch of the EDX Markets crypto exchange.

Jamil Nazarali, a former senior executive at Citadel Securities, will lead the exchange as CEO. And other market participants are expected to partner with EDXM following the launch, according to the statement. The exchange will use technology built by stock exchange The Members Exchange (MEMX).