.DigitalAssets plans to double its headcount this year to meet growing demand for crypto trading from institutional investors. By JamieCrawleyCD
The firm is planning to add 110 employees in tech roles, recruiting engineers and developers with blockchain experience, president Tom Jessop said, according to the report.
The expanded headcount will be used to build infrastructure to offer trading of ether. Fidelity Digital Assets has hitherto only offered bitcoin support. It aims to provide faster transactions and 24-hour trading support as well as compliance and tax-reporting tools. Growing its tech team and providing support ether support would signal ongoing intent from Fidelity to expand into the crypto industry.
The financial services firm, which has over $4.5 trillion assets under management, said last month it wouldFidelity Digital Assets now has around 400 clients, including investment advisors, hedge funds and asset managers, head of product Terrence Dempsey said, according to WSJ's report.
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