2 Giant Companies Are Adding These 2 Cryptocurrencies To Their Basket!

Two giant companies based in the USA and Argentina are launching their new services for cryptocurrencies. Investors are gradually abandoning the classic financial companies and trying to maximize profits in the crypto space.

Argentine fintech company launches cryptocurrency processes

Cross-border transfer service Uala announced that it has succeeded in Bitcoin and Ethereum processes. The service will be available to 4.5 million users in the South American country in the coming weeks. Andres Rodriguez Ledermann, Uala’s deputy leader of Asset Management, reported that the new service will initially be available to several thousand users. But in the coming weeks, all of the company’s 4.5 million Argentine customers will be able to use the service.

The platform currently only allows crypto buying and selling. Withdrawal processes are now inactive. Uala was the first financial player to launch cryptocurrency processes in Argentina since the local central bank banned the two banks from allowing their customers to access cryptocurrencies in May.

Fidelity Investments launches no-board Bitcoin and Ethereum processes for individual investors

American multinational financial services company Fidelity has launched Bitcoin and Ethereum activities for individual investors. According to reports, the company plans to provide an unestablished cryptocurrency exchange. Fidelity currently has over $9.9 trillion in assets. The firm also recorded revenue of $24 billion in 2021. Recent reports suggest that the company will offer Bitcoin and Ethereum investment through its new cryptocurrency service.

The new platform, called Fidelity Crypto, will allow personal investors to trade Bitcoin and Ethereum. Users must have at least $1 to access trading services. Trading services will be offered through Fidelity Digital Assets, a subsidiary of Fidelity Investments. Fidelity Digital Assets has been exploring the Bitcoin and Blockchain space since 2014. But crypto investments remained limited to institutional investors.

Fidelity’s Ethereum move

In October 2022, Fidelity Investments announced that it is providing an Ethereum custody service for institutional investors called the Ethereum Index Fund. The announcement came after the transformational Ethereum merge. During the merge, Ethereum switched from the old PoW system to the PoS mechanism.

A review of Ethereum by Fidelity shows that the company’s interest in altcoins is growing. Prior to the launch of Ethereum, Bitcoin had gained popularity on the platform. The financial firm calls Bitcoin a “superior form of money.” The recent provision of Bitcoin and Ethereum processes to individual investors via Fidelity Crypto confirms the acceptance of the altcoin.

Currently, only companies like Robinhood provide off-board processes to individual investors. Recently, investors have been gradually abandoning traditional financial companies to maximize revenues. With Fidelity Crypto, many individual investors will earn substantial income by investing in Bitcoin and Ethereum. Koindeks.comAs you follow, an example attack came from Goldman Sachs recently.

Similar Articles



Please enter your comment!
Please enter your name here


Most Popular