Fidelity continues to devote itself to the cryptocurrency, but will proceed with caution

Fidelity continues to devote itself to the cryptocurrency, but will proceed with caution

Christian Staub-Managing Director of Fidelity International-said that the investment giant intends to remain part of the cryptocurrency ecosystem.

, however, he added that people would not urge nature to buy Bitcoin due to his "volatile and emerging" nature. The lack of relevant regulation in this area is another current obstacle for the company.

Krypto should be "sophisticated"

The multinational investment company, which has opened up several cryptocurrency options in recent years, will most likely remain loyal to this investment class. In a recent interview, managing director dust assured that the organization will continue to enable interested customers to access crypto. On the other hand, he said Fidelity would not "hit the table and say to everyone that he should buy Bitcoin".

While dust expects the industry to become "more demanding" in the coming years, he warned that it is still in the beginning, which means that investors should be prepared for increased volatility. Another existing setback is the lack of suitable rules in this area:

"We assume that this investment class will become more complex, but due to its young character, digital assets are still hardly regulated. Over time, the regulatory coherence should enable the introduction of digital assets."

Christian Staub, Fidelity International

dust it considers it difficult to predict which digital assets pass the test of the time and the current uncertainty will overcome:

"It is difficult to predict which coins-even the credible-will perform well. As a traditional financial institution, we want to run up to date on this topic, but we have to be careful when publishing products," he said.

He then emphasized that crypto was a "critical topic" for Fidelity and that the company would remain at the top when the sector has its potential.

Fidelity: A crypto participant has been for almost a decade

The company took its first steps in the industry in 2014 when it started researching cryptocurrencies and blockchain technology. Four years later, the company doubled its strength by founding its subsidiary Fidelity Digital Assets.

One of the most important steps in this area took place last spring when speserver-spaces = "true"> allowed investors can add to their 401 (k) pension accounts.

Contrary to the trends in 2022, Fidelity Digital Assets, over 100 engineers and 100 customer service specialists, promised to monitor the company's crypto forays.

The investment giant also announced plans to offer private investors BTC and ETH trade options. The initiative went Live

Fidelity has also expressed the intention to join the Metaverse ecosystem. Brand Attorney Mike Kondoudis Unveiled At the end of 2022 there was announced that there were applications for NFTS, Metaver Investment Services, virtual real estate investments and more.

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