Fidelity Digital Assets undertakes to offer Ether Support in 2020
Great opportunity faces Ethereum(ETH) as the Fidelity Digital Assets pledges support for it in 2020.
The president of Fidelity Digital Asset (a cryptocurrency trading tier of the US Financial Services Giant Fidelity), Tom Jessop has disclosed that the firm is considering offering support for Ether(ETH) come 2020 subject to increase in demand for it.
In the course of an interview with the industry news outlet, Tom Jessop in answer about the firm (question bothering specifically on the possibility that Fidelity Asset may offer support to Ether in 2020 or in the nearest future), he stated thus;
‘‘We have done a lot of works on Ethereum. We intend to support it in the new year. We are encouraged and persuaded by our clients”.
According to Tom Jessop, the president of Fidelity Digital Asset, the greatest obstruction to institutional cryptocurrency adoption includes but not limited to;
- Price volatility
- Lack of regulatory clarity
- Absence of track record, etc.
He however added that he believes these problems would be solved with time.
it should be recalled that in October, The Fidelity;s personal investing president, Kathleen Murphy said that the firm does not offer cryptocurrency on retail trading platforms.