Fidelity to beef up crypto unit by another 25% with 100 new hires
The Digital Assets division within Fidelity Investments will have around 500 total staff members by the first quarter of 2023, according to a spokesperson. $4.5 trillion asset management firm Fidelity Investments is reportedly set to hire another 100 people to bolster the firm's growing digital assets division — a stark contrast to the recent squeezing out of crypto-talent. A Fidelity representative told Bloomberg on Oct. 22 that the firm has begun a new round of hiring which will bring the Fidelity Digital Asset’s headcount to around 500 by the end of the first quarter of 2023. A search....
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Fidelity Charitable is now accepting bitcoin thanks to a partnership with Coinbase. Adding Bitcoin as a method of donation allows donors to bypass high international bank fees on money transfers. Fidelity Charitable is the second largest charity in the U.S. and worked with Fidelity Labs, a unit of Fidelity Investments, on the integration. Coinbase announced on their blog that Fidelity Charitable has partnered with them to give donors the option of using bitcoin for their offers. Matt Nash, Senior Vice President of Donor Engagement for Fidelity Charitable, stated: “Enabling donors to....
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. “We continue to see demand, particularly from young investors, for access to the rapidly growing industries,” said Fidelity.
Fidelity Sees Demand for Crypto, Metaverse Investments
Fidelity Investments announced the launch of a couple of exchange-traded funds (ETFs) this week to offer investors exposure to the crypto industry and the metaverse.
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Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained. Fidelity Expanding Crypto Services Fidelity Investments’ digital assets subsidiary, Fidelity Digital Assets, is expanding its services. Founded in 2018, Fidelity Digital Assets currently employs about 200 people. The company is looking to fill 110 new positions to focus on assets beyond....
Fidelity Investments, one of the world’s largest brokerage firms with $9.9 trillion in assets under administration, is launching Fidelity Crypto, a service that allows retail investors to trade bitcoin and ether commission-free. “A meaningful portion of Fidelity customers are already interested in and own crypto,” the firm said.
Fidelity Investments to Begin Offering Crypto Trading to Retail Investors
Fidelity Investments, one of the largest brokerages in the world, is launching a commission-free crypto trading service for retail investors. The firm serves....
The collaboration aims to give institutions access to digital assets with new innovative product designed specifically for their needs. Fidelity Digital Assets — the crypto wing of Fidelity Investments — and crypto borrowing and exchange platform Nexo have announced a partnership to offer crypto custodial services, products and lending services for institutional investors. The two firms will create a comprehensive product line and legal infrastructure for institutional investors looking to get exposure to cryptocurrencies.The partnership with Fidelity Digital Assets will allow Nexo to....