Boost for Ethereum: Financial Giant Fidelity May Support ETH in 2020
Financial Giant May Soon Support Ethereum According to a recent report from The Block, which cited a podcast interview with Fidelity Investments’ crypto chief, Tom Jessop, Fidelity Digital Assets intends on adding support for Ethereum in 2020. Jessop, a Wall Street veteran that is looking to bring his experience to the relatively-new crypto services branch of Fidelity (Fidelity being the financial services giant with over $2 trillion under management at this moment), claimed in the interview that his team has “done a lot of work on Ethereum.”.
As to why Ethereum support has not been launched yet, Jessop cited a strong institutional appetite for Bitcoin, the cryptocurrency market’s de-facto king, and a relative lack of demand for the custody and/or trade execution for something like ETH or, say, Litecoin. Earlier this year, Jessop claimed that hard forks and consistent changes in the Ethereum protocol may delay Fidelity Digital Assets’ attempts to get support for ETH online.
