Good News for Ethereum (ETH) Investors!
Good News for Ethereum (ETH) Investors! Ethereum (ETH), the world’s second-largest cryptocurrency by total market capitalization, is likely to rise again with some good news from the US, although it has upset investors with its recent downturn.
Fidelity’s Gospel of Ethereum (ETH)
Tom Jessop, President of Fidelity Digital Assets, the cryptocurrency subsidiary of Wall Street giant Fidelity, made key remarks for ETH in the most recent interview he gave.
Jessop said they had ”done a lot of work” on Ethereum, which basically offers trading or storage services to institutional investors. Fidelity, which currently only supports leading cryptocurrency Bitcoin (BTC), could also start supporting Ethereum in 2020, according to a statement made in person by the President.
Jessop continued in the interview that the biggest reason they first chose Bitcoin was the demand from the institutional investor, and stated that if they saw a similar demand they could list ETH as well.
Fidelity had in fact acquired BitLicense, which is needed to provide cryptocurrency services within the region, from New York’s financial regulator in recent weeks.
Fidelity’s acquisition of both BitLicense and its aim to list an additional cryptocurrency such as Ethereum would predictably enlarge the bridge between Wall Street and the traditional world of finance and the world of cryptocurrencies. This could naturally mean more liquidity and buying.