Fidelity one of the largest mutual fund companies in the United States is taking steps to legitimize cryptocurrencies as an asset class. The company announced it would establish custodial services for Bitcoin and other cryptocurrencies. Fidelity will also handle execution services for these cryptocurrencies. The CEO and Chairman of Fidelity Abigail Johnson have been an outspoken proponent of cryptocurrencies. Initially, the digital asset services will be available to hedge funds and Institutional Investors and not to retail investors. It has been an enormous challenge to bring in Institutional Investors to the crypto market, and the entry by Fidelity will be

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