A trillion dollar investment firm is set to double down on its team as blockchain technology and altcoin projects are adopted. The company is taking this step to provide support for Ethereum.
Fidelity Digital Assets plans to double its staff this year
Fidelity Digital Asset Services, a subsidiary of Fidelity Investments, announced that it is looking to expand its staff to keep up with the pace of Blockchain. Amid market instability, the firm is seeing a surge in demand for cryptocurrencies. Fidelity Investments stated in April that Bitcoin will be offered as an investment option in their 401(k) retirement plans. Now he wants to recruit more crypto experts.
On May 31, Fidelity Digital Assets head Top Jessop announced the recruitment of 110 IT staff, including engineers, developers and Blockchain experts. Additionally, the business will hire 100 customer service representatives to improve assistance.
Fidelity is now focusing on this altcoin project
According to reports we compiled as Kriptokoin.com, Fidelity Digital Assets President Tom Jessop said the company plans to add 110 employees to technology roles, including engineers and developers with blockchain experience. told. The expanded staffing will be used to build infrastructure to offer Ethereum trading. Fidelity Digital Assets has only offered Bitcoin (BTC) support so far.
Fidelity also aims to provide faster transactions and 24-hour trade support, along with compliance and tax reporting tools. Growing the tech team and providing Ethereum (ETH) support can help Fidelity expand into the crypto market. Tom Jessop makes the following statements on the subject:
The incredible energy around cryptocurrencies as an emerging asset class has made this possible in the industry, including those working in more traditional areas within financial services. making it an interesting time for anyone who wants to pursue a career.
Fidelity Digital Asset aims to provide custody and trading services for various cryptocurrencies including Ethereum. The subsidiary was founded in 2018 to store, secure and trade Bitcoin. He thinks crypto usage will continue to expand despite the recent crypto market decline.
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