Share this article
Fidelity Digital Assets to Increase Headcount by 70%: Report
The staff will be used to develop new products and expand into crypto other than bitcoin.
Updated Sep 14, 2021, 1:24 p.m. Published Jul 12, 2021, 2:44 p.m.
Fidelity Digital Assets plans to increase its headcount by around 70% in anticipation of growing institutional demand for crypto services.
STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa Crypto Daybook Americas Newsletter ngayon. Tingnan lahat ng newsletter
- The asset manager's president, Tom Jessop, said the firm is looking to add around 100 staff in Dublin, Salt Lake City and Boston, according to a Bloomberg report Monday.
- The staff will be used to develop new products and expand beyond bitcoin into other cryptocurrencies.
- “We’ve seen more interest in ether, so we want to be ahead of that demand,” Jessop said, according to the report.
- Fidelity is also looking to offer trading for more of the week, given the 24-hour nature of crypto markets. Traditional financial markets are open Monday to Friday and close overnight. Jessop says Fidelity's intention to offer crypto trading "full time for most of the week."
Read more: Fidelity Digital Assets’ Research Director Leaves to Join Castle Island Ventures
More For You
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
