Bitcoin fell more than $3,000 since Wednesday
- The entire crypto market is undergoing a downside correction
- Fidelity Digital Assets will support Bitcoin and Ethereum for retail clients
- EOS delisted from Binance P2P platform
Fidelity Digital Assets will add Ethereum after Bitcoin
Fidelity Digital Asset Services, which handle cryptocurrency custody and trade execution for institutional investors announced that the investment company would someday look to serve retail customers too. Christine Sandler, the Head of Sales and Marketing at Fidelity Digital Assets said that the company is constantly looking at the retail sector to see how the firm could enter the market. Fidelity believes that by serving retail clients, the firm can improve its crypto service offering too. Company is also planning to support other cryptocurrencies besides Bitcoin. According to Sandler, the company has to look to expand trading opportunities for their customer base. Sandler also said that company plans to support Ethereum in the future but provided no approximate date for it. Also Fidelity plans to launch a Bitcoin index fund. With a minimum entry level of $ 100,000, this offering will also be geared toward institutions and accredited investors that can't get exposure to Bitcoin directly for some reason, said Sandler.
Binance removes EOS from its P2P platform
Binance, which is the world's largest cryptocurrency exchange, announced today that EOS is no longer supported on its P2P platform. Binance did not give any reasons for their decision and gave its users only short notice. The community is bewildered by the Binance move as EOS is 14th largest cryptocurrency with the current market capitalization of $2.7 billion and an average daily trading volume of $5.6 billion.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.