Fidelity's crypto unit to double down on hiring this year

31/5/2022 6:36:00 PM

Fidelity's crypto unit to double down on hiring this year

Fidelity's crypto unit to double down on hiring this year

Fidelity Investments' digital assets arm will double down on hiring this year as it looks to beef up its resources to serve clients who want to invest in crypto assets that trade round the clock.Fidelity Digital Assets, which currently employs nearly 200 people, is looking to fill 110 new positions in cli

Fidelity Investments' digital assets arm will double down on hiring this year as it looks to beef up its resources to serve clients who want to invest in crypto assets that trade round the clock.Fidelity Digital Assets, which currently employs nearly 200 people, is looking to fill 110 new positions in client services, technology and operations that would also focus on assets beyond bitcoin, a company spokesperson told Reuters on Tuesday.

"As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts," Tom Jessop, president of Fidelity Digital Assets, said.Last month, Fidelity Investments became the first major retirement plan provider to allow individuals to allocate part of their savings in bitcoin through their 401(k) investment plans.

Read more:
CNA »

World Cup stadium security pin down Iranian wearing protest t-shirt

DOHA — Security personnel at Qatar's Al Thumama Stadium tackled at least two Iranian supporters after the match between Iran and the United States at the World Cup. Read more >>

Euro edges down but set for largest monthly gain in a yearHONG KONG : The euro gave back some of its recent gains on Tuesday, but was still set for its best month in a year as markets reposition in anticipation of interest rate increases in Europe and the possibility of a slower pace of U.S. rate hikes. The euro was at $1.0745, down 0.3 per cent, having hit a fi

S'pore Airlines to hire 2,000 cabin crew by March 2023800 people have been recruited since hiring started in March.

Crypto highly risky, but it also has potential to transform future of finance: DPM HengSINGAPORE: Cryptocurrency assets are a \u0022highly risky space\u0022, but it also has the potential to transform the future of finance, Deputy Prime Minister Heng Swee Keat said on Tuesday (May 31). \u0022We must continue to adapt our rules to ensure that regulation remains facilitative of innovation, and yet Yes. Pls educate the public on it and what mas is doing to reassure the public 'Money from Nothing' cryptocurrency HengSweeKiatSG

Heng Swee Keat warns retail investors to steer clear of cryptoSINGAPORE - Crypto-assets like cryptocurrencies and non-fungible tokens (NFTs) are constantly evolving and highly risky but have the potential to transform the future of finance, Deputy Prime Minister Heng Swee Keat said on Tuesday (May 31). He warned that retail investors should steer clear of cryptocurrencies even as Singapore adapts its rules to address the key risks that crypto-assets pose....

LinkedIn Fidelity Investments' digital assets arm will double down on hiring this year as it looks to beef up its resources to serve clients who want to invest in crypto assets that trade round the clock..LinkedIn HONG KONG : The euro gave back some of its recent gains on Tuesday, but was still set for its best month in a year as markets reposition in anticipation of interest rate increases in Europe and the possibility of a slower pace of U..

Fidelity Digital Assets, which currently employs nearly 200 people, is looking to fill 110 new positions in client services, technology and operations that would also focus on assets beyond bitcoin, a company spokesperson told Reuters on Tuesday. "As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts," Tom Jessop, president of Fidelity Digital Assets, said. Last month, Fidelity Investments became the first major retirement plan provider to allow individuals to allocate part of their savings in bitcoin through their 401(k) investment plans. The euro was at $1. News of the hiring comes weeks after cryptocurrencies suffered a major pullback following the collapse of stablecoin terraUSD. Stablecoins are digital tokens pegged to the value of traditional assets.

Bitcoin was last trading at $31,594, down more than half from its all-time high of $69,000 in November.0786 overnight, as German inflation rose to its highest level in nearly half a century in May on the back of soaring energy and food prices. The digital currency market rout hasn't deterred private investments, with Hong Kong-based crypto lender and asset manager Babel Finance raising $80 million at a $2 billion valuation last week, while venture capital giant Andreessen Horowitz raised $4.5 billion for its fourth cryptocurrency fund. Source: Reuters . In addition,"There are a number of ECB officials speaking tonight, no doubt talking up the prospects of higher European interest rates," they said in a note to clients.