Fidelity Now Expanding Crypto Trading

By Kapil Gauhar

Institutional financial specialists at Fidelity Digital Assets would now be able to trade Bitcoin (BTC) on the US-based exchange ErisX.

Through a vital partnership intended to increase digital currency exposure for smart player, Fidelity’s ‘stable of vetted institutional investors’ will have expanded access to Bitcoin (BTC) liquidity, as indicated by an official statement from ErisX.

Thomas Chippas, CEO of ErisX, says –

“Our time-tested and proven central limit order book ensures that the best price on the market is available to everyone.”

Terrence Dempsey, head of product for FDA, adds –

“We believe ErisX’s central limit order book exchange model is critical to the maturation of crypto markets. Coupled with their technical aptitude, accessible order sizes, and a robust regulatory framework, ErisX is an attractive solution to securely access digital assets.”

Fidelity Investments, the firm that oversees $8.3 trillion in client assets, is a financial specialist in ErisX. Notwithstanding spot trading, the New York-based virtual asset exchange, that is likewise sponsored by giant brokerage firm TD Ameritrade, operates a digital currency futures market.

The US Commodity Futures Trading Commission conceded ErisX a clearinghouse association permit a year ago.

blank

Kapil Gauhar

Kapil Gauhar is the founder of Blogger’s Gyan. He is a Passionate Blogger, a Big Thinker and a Creative Writer. His passion for doing friendship with words and letting people know about the wonders of the Digital World is what motivates him to take writing as a career.

Related Posts