Subscribe
October 12, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
The Dawn of Bitcoin: The First Major Price Surge and Crash of 2011 The Economics of Bitcoin Mining: Rewards and Revenues Explained Understanding Bitcoin Halving: The Quadrennial Reward Reductionexplained Understanding the Threat of a 51% Attack in Blockchain Networks Bitcoin Halving Explained: Block Rewards Decrease Every 210,000 Transactions

Breaking: Fidelity announces Bitcoin [BTC] custody service live with a select group of eligible clients

Breaking: Fidelity announces Bitcoin [BTC] custody service live with a select group of eligible clients

Fidelity Investments, the largest asset managers firm, digital assets solution branch – Fidelity Digital Assets, announced that its bitcoin custody service has gone live with “a select group of eligible clients”, earlier today on their official Twitter handle. The firm that aims to provide bitcoin custodial services to institutional investors first announced this news comes almost a month earlier, stating that have selected clients whom they will be serving with their initial solutions.

The announcement read:

“We are live with a select group of eligible clients and will continue rolling out slowly. Our solutions are focused on the needs of hedge funds, family offices, pensions, endowments, other institutional investors”

In their initial announcement, the solutions provider stated that they have built a strong technical and operational standards best suitable for institutions, meeting clients expectations from an investment giant. They had also stated that their initial clients are “an important part” of the “final testing and process refinement periods”. This, in turn, would help the Fidelity provide their platform services to a “broader set of eligible institutions.”

The blog post read:

“Our mission is much broader than products. Institutional interest in digital assets is expanding, and these organizations require sophisticated capabilities in order to proceed.”

This comes as a euphoric announcement to several members of the community as it marks as one of the first steps taken to open the cryptocurrency market for institutional investors. This is mainly because of the custody solutions and trading venue platform provided by the financial giant. More so, some also believe that the changes bought by institutional players of Fidelity would bring some light in the regulatory stance on bitcoin and other cryptocurrencies.

XRP Raconteur, a Twitterati said:

“Congratulations FDA on your soft launch. I can’t wait to see your full launch. It’s going to be LOCO !!!”

Alec Ziupsnys, another Twitterati said:

“Fidelity’s digital assets trading and custody business is live and supporting bitcoin. When are institutions joining the game? Well, now. “

The post Breaking: Fidelity announces Bitcoin [BTC] custody service live with a select group of eligible clients appeared first on AMBCrypto.

Published at Thu, 07 Mar 2019 23:13:17 +0000

Previous Article

Dogecoin Price Lacks Oomph to Break the $0.002 Resistance

 Next Article

Bitcoin up phase

You might be interested in …

Bitkan Experiment Shows Japan is No Bitcoin Mecca on the Ground

Bitkan has said the consumer bitcoin scene in Japan is still “difficult to use” after staff conducted an investigation in Tokyo.

Bitkan: Japan bitcoin Payments Still ‘Difficult’

The decentralized trading platform, which is headquartered in China but looking to expand into the Japanese market, also released a documentary film about using bitcoin in the country in 2017.

Last month, Bitkan organized a Tokyo Bitcoin meetup which saw some of the largest ever audiences debate the local scene as well as current technological issues facing the bitcoin ecosystem. Roger Ver and Jihan Wu were among the attendees.

“We used Coinmap to search advertisements of businesses accepting bitcoin,” operations director Sandy Liang told Bitcoinist in emailed comments about the research.

“These places had a ‘bitcoin accepted’ sticker, and where it was possible to use it to pay, staff appeared familiar with the payment process.”

bitcoin’s Mixed Fortunes Evident In Payment Landscape

Japan hit the headlines in February following the temporary moratorium on Chinese bitcoin trading, becoming the world’s largest bitcoin exchange market.

As reports heralded a total of 4500 outlets accepting the virtual currency, reactions from users on the ground struck a decidedly different note, stating that in reality bitcoin payments were almost unnoticeable.

Liang shared this view following Bitkan marketing director Ruby Chen’s attempt to live off Bitcoin for 72 hours in Tokyo but remained positive about the future.

“We have to say that it’s not very convenient to use bitcoin in Tokyo for covering all expenses, compared with fiat. For now, it’s really hard to live only on bitcoin,” she said.

“However, it’s getting easier and easier. The growing number of bitcoin ATMs, for instance, allows the option of converting BTC to yen as an alternative.”

She added that the depth of incentives for consumers to pay using the virtual currency was also lacking. Discounts and other marketing schemes were not in evidence at all, making the idea of transitioning to a notionally more convenient, empowering payment method appear daunting.

Big Business Paving Way For Change

Meanwhile, the country’s cryptocurrency exchanges are busy laying the foundations for what could be a seismic shift in attitudes in the coming years.

BitFlyer and Coincheck, both major market players in Japan, have recently announced partnerships with big business specifically with the aim of expanding the number of merchants with whom consumers may pay using bitcoin.

The former is working with Japanese economics giant Bic Camera to roll out bitcoin payments across its empire, with a trial initially limited to two flagship stores in Tokyo. Customers are able to pay up to 10,000 yen ($900) in bitcoin.

Coincheck meanwhile is seeking to expand the merchant base even further – by up to 260,000 – through allowing merchants using PoS app AirRegi to also accept bitcoin.

Such an expansion would place bitcoin on par with extant fiat payment app acceptance numbers, the most popular being Suica and Edy with up to 470,000 locations.

[Note: This is a sponsored article]

What do you think about Japan’s bitcoin journey? Let us know in the comments below!

Images courtesy of Shutterstock. BitKan

The post Bitkan Experiment Shows Japan is No Bitcoin Mecca on the Ground appeared first on Bitcoinist.com.

Venezuela imposes fees and limits on local crypto remittances

Venezuela Imposes Fees and Limits on Local Crypto Remittances

Venezuela Imposes Fees and Limits on Local Crypto Remittances The Venezuelan government has introduced regulations for crypto remittances within the country, according to a decree published on Feb. 7 in the country’s official media outlet, […]

Close Menu