Fidelity Launches First Institutional Bitcoin Solution After Receiving Canadian Approval By DailyCoin – Investing.com

Fidelity Launches First Institutional Bitcoin Solution After Receiving Canadian Approval By DailyCoin – Investing.com

Canada’s financial regulator has approved the launch of the first institutional digital asset service in the country by Fidelity Clearing Canada (FCC). As a result, Fidelity has become the first Bitcoin trading and custody platform specifically designed for institutions.

Having received authorization from the Investment Industry Regulatory Organization of Canada (IIROC), the new service will be fully focused on cryptocurrency operations.

The approval came after the company reported considerable growth in the demand for digital assets from Canadian investors.