Fidelity, bitcoin and cryptocurrency Despite the bear market, it is not backing down.
Fidelity, which manages approximately 10 trillion dollars, increases the number of employees in this field despite the decline in the crypto money market
Chris Tyrer, President of Fidelity Digital Assets Europe and Head of Fidelity Digital Asset Management, said at a panel at the Blockworks Digital Asset Summit in London this week that the investment giant’s Fidelity Digital Assets unit plans to add 100 more staff over the next six months.
This will increase the number of personnel to approximately 500.
Tyrer said the following on the subject in his statement:
“We’ve had a very aggressive hiring process in the last 12 months and have probably doubled the size of our organization.
We’re probably considering adding 100 more in the next three to six months.”
Fidelity has long been interested in cryptocurrencies. The firm, which recently oversees $9.9 trillion, announced an Ethereum index fund and launched a digital asset exchange alongside the Charles Schwab and Citadel securities.
Fidelity Digital Assets, an independent subsidiary, recently became available bitcoin In addition to its trading and custody services, it offers corporate customers until the end of this month. Ethereum announced that it would start offering
Tyrer said that Fidelity Digital Assets currently employs around 400 people. Tyrer added that there are two separate businesses, one is the platform services, covering everything from surveillance to trade execution, and the other is the asset management side.
A source close to the matter said the new hires will all be part of Fidelity Digital Assets and work across multiple regions and functions, including technology, business development, customer service, marketing and compliance.
In May, the Wall Street Journal reported that Fidelity Digital Assets plans to hire 110 technology employees and 100 customer service professionals this year.
*Not investment advice.
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