Is Fidelity advocating digital currency investments?

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alwayshedge
Posts: 132
Joined: Sat Nov 30, 2013 7:43 pm

Is Fidelity advocating digital currency investments?

Post by alwayshedge » Sat Aug 12, 2017 12:12 pm

I noticed this today when I logged in. Coinbase is a digital currency brokerage and it appears they have some sort of partnership. Is Fidelity advocating investments into this? I would think that's a risk on their end considering how speculative these things are.

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stlutz
Posts: 3971
Joined: Fri Jan 02, 2009 1:08 am

Re: Is Fidelity advocating digital currency investments?

Post by stlutz » Sat Aug 12, 2017 12:26 pm

The extent of the "partnership" is that you can see your Coinbase holdings when you logon to your Fidelity account. You can't buy Bitcoin from your Fidelity account.

I'm sure the partnership will grow in the future, however.

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whodidntante
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Joined: Thu Jan 21, 2016 11:11 pm

Re: Is Fidelity advocating digital currency investments?

Post by whodidntante » Sat Aug 12, 2017 2:57 pm

I think they were caught off guard and probably want to see how people trade and use bitcoin.

jbolden1517
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Re: Is Fidelity advocating digital currency investments?

Post by jbolden1517 » Sat Aug 12, 2017 4:25 pm

alwayshedge wrote:
Sat Aug 12, 2017 12:12 pm
I noticed this today when I logged in. Coinbase is a digital currency brokerage and it appears they have some sort of partnership. Is Fidelity advocating investments into this?
Fidelity is a broker. Their job is to try and offer a full range of products. I'm not sure "advocating" is really the right word for offering.

edge
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Joined: Mon Feb 19, 2007 7:44 pm
Location: Great Falls VA

Re: Is Fidelity advocating digital currency investments?

Post by edge » Sat Aug 12, 2017 5:00 pm

Advocating is not the right word.

bawr
Posts: 45
Joined: Thu May 19, 2011 9:10 pm

Re: Is Fidelity advocating digital currency investments?

Post by bawr » Sun Aug 13, 2017 1:34 am

"Bitcoin’s Unlikely Evangelist: Fidelity CEO Abigail Johnson"

https://www.wsj.com/articles/fidelity-c ... 1495548000

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