Fidelity opens a Bitcoin OTC trading business in London

posted 7 months ago
Asset management giant Fidelity Investments established a UK entity for its cryptocurrency business with the intent of gaining a foothold in Europe, the move coming days after British Prime Minister Boris Johnson led his pro-Brexit government to victory in a snap election.

Fidelity’s new UK arm was incorporated December 16 and will be used to pitch custody and over-the-counter trading services to institutional clients in Europe like hedge funds and family offices, Financial News reported Tuesday. Fidelity Digital Assets COO Michael O’Reilly said “Both the fintech and crypto communities in London are strong and that’s evident from what we’ve seen from client demand or client requests.” Fidelity’s UK arm only provides support for Bitcoin
Tags: bitcoin, news