Investment Giant Planning Crypto Exchange

US-based investment management giant Fidelity Investments is believed to be working on setting up a cryptocurrency exchange on its own, according to several media reports.

Join in the fun and play on the world’s First Hybrid on-line Casino with BTC and Fiat currency payments. Check on-line for latest promotions.

Fidelity, which is already known as crypto friendly for allowing their clients to hold bitcoin in their accounts through a partnership with the Coinbase exchange, is currently hiring engineers “to help engineer, create and deploy a Digital Asset exchange to both a public and private cloud,” according to a report by Business Insider.

The move comes after the veteran investment bank Goldman Sachs on May 2 finally admitted publicly that “bitcoin is not a fraud,” and announced plans to launch a bitcoin trading operation.While Goldman Sachs has been a sharp critic of bitcoin and cryptocurrencies in general, Fidelity has maintained a much more positive view, and the company’s CEO Abigail Johnson is known as a long-time supporter of bitcoin.

During the Consensus 2017 conference in New York, Johnson told attendees “I love this stuff – Bitcoin, Ethereum, Blockchain technology – and what the future holds!”
No official statement has been issued by the company regarding the rumored new crypto exchange.

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Author: Fredrik Vold
Image Credit