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Asset Management Company Fidelity Is Hiring 100 People To Boost Its Cryptocurrency Unit

Fidelity Investments, an asset management company with a valuation of up to $4.5T, is reportedly considering appointing nearly 100 more people to advance its division of digital assets, in direct contrast to the recent exclusion of the talent from the crypto industry.

Fidelity Considers Enhancing Its Crypto Component by Hiring Hundred More Employees

Bloomberg has been told by a representative from Fidelity that the platform has started an exclusive hiring spree, which will increase the headcount of Fidelity Digital Asset to nearly five hundred by the denouement of the upcoming year’s 1st quarter. At present, a study on the job board of Fidelity indicates seventy-four live results related to the positions dealing with digital assets.

They cover the zones such as blockchain technology, corporate services, product development, and compliance. Nearly the entirety of the present listings’ base is in the US, while the majority of them come from its headquarters in Utah, Colorado, Texas, and New York. As per the spokesperson, the latest postings would be allocated across Ireland, the United Kingdom, as well as the United States.

The hiring spree of Fidelity is witnessed as, Gemini, Coinbase, and BlockFi were among a few of the biggest crypto-local companies to dismiss their workers. Huge layoffs have paved the way toward the exclusive availability of talent in the crypto world for conventional companies such as Fidelity.

The Platform Takes Continuous Endeavors to Offer More Facilities to Clients

The expansion of the digital asset-related team should be taken as no surprise while keeping in view the efforts done by fidelity to provide additionally broad services dealing with digital assets during the advancing interest from the investors. Recently, the spokesperson of Fidelity asserted that the venue will offer trading and custody services for Ether (ETH) to its organizational consumers from the 28th of October this year.

In the previous month, the members of the industry anticipated that the company may shortly move to offer trading services related to Bitcoin (BTC) to almost 34M retail consumers. This speculation was not confirmed by the platform at that time, just noting that it will spread out its offerings to provide wide-ranged digital asset access.

The company has in advance introduced a facility enabling the holders of the accounts specified for retirement savings to invest straight into BTC.

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