Fidelity Digital Assets will launch cryptoexchange by the end of 2019

The high-performance crypto company Fidelity Digital Assets (FDAS) announced on Friday that before the end of 2019 it will launch its first cryptocurrency exchange.

The president of the company, Tom Jessop, announced the news and highlighted the role of FDAS in supporting institutional investors in the search for a better deal in the transactions of buying and selling bitcoins from various sources.

Goal: To increase liquidity

Jessop argued: “Between the launch of our trading platform five months ago until the end of the year, we will could have more than doubled the number of liquidity providers,” although he did not indicate how many they would be.

During this phase, the main focus of the company are OTC liquidity providers. “We are likely to connect to our first exchange perhaps before the end of the year,” he added.

Undoubtedly, FDAS seeks to break through and increase market share, in addition to reaching a higher level of liquidity for smaller operations.

Plans for 2020

Another news about FDAS that was reviewed by digital media is obtaining a license from the New York Department of Financial Services to incorporate customers from this location. The license also gives you “greater credibility with fiduciary clients seeking a custodian with a trust license.”

The list of subscribers is wide. It includes hedge funds, family offices, an investment advisor and a small pension fund in the United States. The platform’s plans are to continue expanding the list of assets and business, as well as obtaining licenses in other states where it does not yet have a presence.

M.Pino

Source: DiarioBitcoin