The cryptocurrency arm of Fidelity Investments, one of the world's largest ...
LONDON - The cryptocurrency arm of Fidelity Investments, one of the world’s largest investment managers, has launched its first foray into Europe, opening a new front in efforts to drag digital money into mainstream investing.
The lack of back-office services like custody offered by major financial firms has been one reason that large investors across the world have held back from involvement in the highly volatile but potentially lucrative emerging asset. Facebook’s high-profile attempt to draw cryptocurrencies into the mainstream with its Libra coin has met with regulatory scepticism globally, with France and Germany pledging to block the currency from operating in Europe.
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