Fidelity Expands Staff Due to Increased Demand from Institutional Investors

Institutional investors continue to increase their investment in cryptocurrencies. In this regard, the company Fidelity Digital Assets plans to hire another 100 people in its staff.

Fidelity President Tom Jessop said the company plans to expand its staff to Dublin, Boston and Salt Lake City. At the same time, it is planned that new investments will be made not in bitcoin, but in other cryptocurrencies, including ether. According to Jessup, institutional investors have a strong interest in altcoins.

Fidelity also plans to launch a full-fledged cryptocurrency trading platform that will work 24/7. This should attract new clients, because in traditional finance, trades are held only on weekdays.

Recall that at the end of April, Fidelity introduced SherlockSM, a digital asset analysis tool designed for institutional investors. The tool will allow you to analyze blockchain data, market data, as well as sentiment on social networks and among developers.

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