Fidelity is looking to expand trading services for cryptocurrencies beyond bitcoin and ether

According to Tom Jessop, head of Fidelity Digital Assets, the platform is looking to expand its trading services to support five to seven of the top cryptocurrencies by market capitalization. Fidelity announced its digital assets platform last month, with initial support for bitcoin and ether. Jessop explains that, while the firm may be looking to add additional assets on its platform, Fidelity is maintaining a customer-driven approach and that its 13,000 institutional clients are currently interested in bitcoin and ether. Jessop also speculated on the possibility of supporting security tokens; however he wants to wait for the space to develop before adding 'security tokens or tokens that are likely to be deemed securities.' (Source: CoinDesk)

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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