Yaniv Feldman, founder and CEO of Alpha One, interviewed on CNBC’s Crypto Trader Transfer Fidelity on the cryptocurrency market and the path it is paving for the institutional investors. He also talked about the difference between the announcement by Fidelity and Yale University of entering the cryptospace.
Earlier this year, Fidelity Investments, the world’s third largest asset management company, announced the launch of Fidelity Digital Assets. The main task is to make Bitcoin and other cryptocurrencies more accessible to institutional investors. The market speculates that the platform will be launched early next year.
Feldman admitted that these were the key 2018 announcements of “crypto-institutionalization” in the last 3 months. Among these are the Bakkt from Intercontinental Exchange, which will be launched next month by TD Ameritrade ErisX, Exchange Cryptocurrency, which will provide cryptocurrency negotiation from the second quarter of 2019 Feldman said:
“… Fidelity is the world’s third-largest asset management company with $ 7.2 trillion in assets under management, which is certainly the most anticipated major institution, and we are entering into a joint venture, a wholly owned subsidiary, digital asset services offers. “
The CEO continued to talk about the difference between the announcement of Fidelity and Yale University. Earlier this month, Yale University, a university in the Ivy League, has also invested in an cryptocurrency fund, Paradigm, which allows the platform to raise more than 400 million.
Feldman said Yale had invested in a cryptocurrency that invested in cryptocurrency, calling it “second level”. Fidelity, on the other hand, enters the market directly and offers services ranging from institutional custodian to service executions. He went on to say:
“… where they will execute trade orders for institutions across multiple exchanges, as well as advice and support at many levels for future institutions, institutions or larger fidelity clients now trying to find their way into crytocurrency training and advice directly from loyalty in the Essential are the tools an institution needs to get into the game. “
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