New York Department of Financial Services (NYDFS) has granted permission to Fidelity Digital Asset Services (FDAS) to provide custody services for institutional investors in the financial capital of the U.S to hold Bitcoin as an asset. FDAS joins 22 other companies that have been given charter or a license by the regulator to engage in virtual currency business activities, NYDFS said. Michael O’Reilly, Chief Operating Officer for Fidelity Digital said: The custody and trade execution services that we provide are essential building blocks for institutional investors’ continued adoption of digital assets He then went on to say: The designation as a New York Trust Company under the supervision and examination of the DFS builds on the credibility and trust we’re establishing amongst institutions The news came as Galaxy Digital Holdings stated it was choosing Fidelity and Intercontinental Exchange’s Bakkt to store the bitcoin for its two new funds. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD ignores sluggish trade sentiment, second-tier Aussie data in focus FX Street 3 years New York Department of Financial Services (NYDFS) has granted permission to Fidelity Digital Asset Services (FDAS) to provide custody services for institutional investors in the financial capital of the U.S to hold Bitcoin as an asset. FDAS joins 22 other companies that have been given charter or a license by the regulator to engage in virtual currency business activities, NYDFS said. Michael O'Reilly, Chief Operating Officer for Fidelity Digital said: The custody and trade execution services that we provide are essential building blocks for institutional investors' continued adoption of digital assets He then went on to say: The designation as… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
