Boosting Crypto Exposure For Big Players: Fidelity Expands Bitcoin (BTC) And Crypto Trading
The crypto market dropped since the day before, and most of the coins are trading in the red today.
Despite the massive volatility that the crypto market is displaying these days, analysts are optimistic regarding the price of Bitcoin, especially since the halving is just around the corner.
Also, it’s important to mention the fact that amidst the global crisis triggered by the coronavirus pandemic, it’s expected that the blockchain and crypto industry will boast its benefits for the world during these difficult times.
Boosting crypto exposure for big players
Crypto adoption was one of the main goals that the crypto industry set and there have been a lot of moves made in this direction so far.
Institutional players are one of the main ingredients in the crypto adoption game and crypto exposure to this segment is essential.
It’s been revealed that institutional investors at Fidelity Digital Assets can trade Bitcoin on the US-based exchange ErisX.
A strategic partnership has been designed to increase crypto exposure for big players.
Important partnership sealed
According to the latest reports coming from the Daily Hodl, through this deal, Fidelity’s “stable of vetted institutional investors” will have increased access to Bitcoin liquidity, according to a press release from ErisX.
Thomas Chippas, CEO of ErisX, stated the following:
“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, said that “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.”
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.