Fidelity Digital Assets has the license to buy, sell, store and relocate bitcoin. Fidelity announces this in a Medium post. This license is issued by the New York State Department of Financial Services (NYDFS).
This is good news for institutional investors in New York. Parent company Fidelity Investments is a renowned name in the investment world. The group has a staggering portfolio of 2.46 trillion dollars. That has been written out $ 2,460,000,000,000!
4 elements of institutional-caliber operations for #digitalassets:
• Audited Operations
• Regulatory Oversight
• Institutional Account Structures
• Risk Management Practiceshttps: //t.co/NacvtR2yoV– Fidelity Digital Assets (@DigitalAssets) November 19, 2019
Invest in bitcoin with confidence
It feels a bit contradictory, a central party that holds bitcoin for customers. That actually goes against the principles of bitcoin, where every user can be his own bank. Yet large investors probably need a party such as Fidelity. That way they can trade with bitcoin with confidence.
More and more infrastructure for large investors
The cryptomarket will continue to grow in 2019, and a lot of work is being done on the infrastructure for large investors. There are more and more ways to invest in bitcoin. For example, think of bitcoin futures and bitcoin options. Via the Bakkt platform you can even trade in bitcoin futures that are covered by bitcoin. Bitcoin ETFs may also be possible in the future. The choice is huge.
But the simplest way to get bitcoin is simply by buying it through a cryptocurrency broker or exchange. For example, you can buy bitcoin via the Dutch-language platform BTC Direct via iDEAL. And you can save your bitcoin yourself in a bitcoin wallet, that way you are your own bank.
Or it can be even easier, via an app on your smartphone. With BLOX you always have cryptocurrencys such as bitcoin and ethereum in your pocket. You will never miss a moment of all the action on the cryptomarket, and you will receive your bitcoin within a few seconds!
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