Fidelity Digital Assets will expand the staff due to the interest of institutionals https://gagarin.news/news/cryptopunks-will-become-more-accessible-the-first-nft-split-ever/ in cryptocurrency

Fidelity Investments digital assets unit will increase employees by about 70% to support cryptocurrency projects in response to institutional demand. This is written by Bloomberg.

The head of Fidelity Digital Assets Tom Jessop in a commentary said that plans to hire up to 100 people in Dublin, Boston and Salt Lake City. According to him, so far the company has only focused on bitcoin, and such a step will allow it to expand her attention to other digital assets.

“Bitcoin has reached a record level above $ 63,000 At the beginning of this year, other cryptocurrencies, including Ethereum, also grew up […]. We observe interest in the air, so we want to get ahead of this demand, ”Jessop said.

He added that most traditional markets are closed in the afternoon or on weekends. Fidelity seeks customers more permanent cryptocurrency trade.

Jessop pointed to the interest of institutional investors in bitcoin, Ethereum and other assets. In his opinion, the demand for them is only growing.

The Fidelity survey conducted in 2020 showed that almost a third of the Corporation in Europe and the United States added digital assets to the portfolio.

Then the company announced the expansion of the state developers with experience with Amazon Web Services, Java programmers and data processing specialists.

In April 2021, Jessop suggested that digital gold reached a turning point in the adoption by institutions.

Later, the Chicago Exchange Exchange has applied for Bitcoin-ETF listing from Fidelity Investments. The United States Securities and Exchange Commission began consideration at the end of May.