Fidelity Digital Assets Wins NY trading license

Tuesday, 19. November 2019 17:42

Cryptocurrency company Fidelity Digital Assets won a trading license from the New York State Department of Financial Services, the company confirmed on Tuesday. The license will enable it to work with New York companies by offering them custody services and cryptocurrency trading.

The company said in the blog post that they "have experienced a high interest level from these firms and anticipate that their increased involvement in this industry would enable more activities and development across the spectrum."

Fidelity's crypto branch filed for the license back in July after other big financial companies such as Intercontinental Exchange Inc.'s Bakkt and CME Group Inc already started offering crypto products.

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Breaking the News / TF