The Crypto Council for Innovation Launched With Coinbase, Fidelity and Square

Soon-to-be public crypto exchange operator Coinbase, fund giant Fidelity, and fintech stalwart Square are among the companies behind the new Crypto Council for Innovation – an organization aimed at giving companies with cryptocurrency exposure a say in how the asset class is regulated. The Crypto Council for Innovation (CCI) was created by San Francisco-based investment…

Fidelity Launching a Cryptocurrency Trading Platform

Financial services provider Fidelity Investments is launching a cryptocurrency trading and storage platform. Fidelity Digital Asset Services, LLC will provide cryptocurrency custody and trading services for enterprise clients, the company announced Monday. Tom Jessup, who is heading up the new division, announced the platform at Bloomberg’s Institutional Crypto event. It hopes to draw institutional investors,…

Fidelity is Quietly Building a Cryptocurrency Exchange

Multi-trillion dollar asset manager Fidelity Investments is building a cryptocurrency exchange, internal job postings have revealed. According to Business Insider, the Boston, MA-based firm has advertised internally for a DevOps System Engineer β€œto help engineer, create and deploy a Digital Asset exchange to both a public and private cloud.” Citing anonymous sources with knowledge of…