Fidelity’s Crypto Branch to Increase Staff by 70%, President Sees ‘More Interest in Ether’

Fidelity’s Crypto Branch to Increase Staff by 70%, President Sees ‘More Interest in Ether’


According to Tom Jessop, president of Fidelity Digital Assets, the company is planning to increase staff by 70% because demand for cryptocurrencies continues to keep the firm busy. Fidelity Digital Assets, the subsidiary of the wealth management firm Fidelity Investments Inc., has also seen a significant amount of demand for ethereum.

Crypto Demand Pushes Fidelity Digital Assets to Increase Staff

Fidelity Digital Assets is looking to increase staff at its locations in Boston, Salt Lake City, and Dublin, according to a Bloomberg interview with Tom Jessop. The new hires will be dedicated to building new products that extend into other areas of crypto assets besides bitcoin.

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“[2020] was a real breakthrough year for the space, given the interest in bitcoin that accelerated when the pandemic started,” Jessop said. But Jessop also added:

We’ve seen more interest in ether, so we want to be ahead of that demand.

The company will be trading digital currencies more often as well, Jessop

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