Fidelity is rumored to be planning a “seismic move” in the crypto markets, according to Andrew Parish, co-founder of Arch Public.
The asset management firm describes itself as “crypto-curious,” having mined Bitcoin since 2014. By 2018 it launched a separate cryptocurrency-dedicated business – Fidelity Digital Assets (FDA,) which has since received a New York Trust Charter and launched its European operations in 2020.
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