Fidelity Digital Assets Onboards ErisX Exchange as it Expands Access

Fidelity Digital Assets has announced that it is expanding its business to give its customers more offerings and services.

Since the coronavirus pandemic crashed financial markets all over the world, there has been an increase in crypto trading on many platforms. Fidelity Digital Assets allows customers to hold and trade their assets on different platforms. These platforms have however only been trading firms that handle market-making. Now, it has onboarded ErisX.

The addition of ErisX to the platform allows Fidelity better handle the spike it has been receiving recently. Specifically, several hedge funds, pension funds, and other investors are looking to find better investment channels because of the coronavirus pandemic. Because of this, Fidelity has been quite overwhelmed.

According to a Fidelity spokeswoman, there is also more awareness about digital assets and how well they’ll function as a proper store of value.

“From a trading perspective, we continue to onboard new clients every month and are seeing significant pipeline growth. And in recent weeks, we’ve seen more momentum across our business, for example, discussions around store of value and digital gold are resonating more with investors.”

Fidelity Digital Assets launched back in March 2019 after a long period of preparation to meet standards required for institutional trading and custody.