According to Wall Street Journal, Fidelity holds more than 34.4 millions individual brokerage accounts.
According to a report by the Wall Street Journal, Fidelity is considering whether individual customers of brokerages can trade bitcoin. Sources familiar with the matter say Fidelity.
Fidelity follow Asset management firms like BlackRock
This could be a follow-up to BlackRock’s partnership with Coinbase in order to offer cryptocurrency trading to institutional customers. This is a sign that Wall Street continues to be attracted to crypto, despite the terrible year for digital currencies markets.
Fidelity had announced earlier this year that it would allow corporate clients to add Bitcoin to the 401(k), plans it manages. The U.S. has criticized the plan. Labor Department, and multiple U.S. Senators.
According to the report, Fidelity owns more than 34.4 million individual brokerage accounts.