“Institutional Herd” to Enter Crypto Market by Q1 2019, CNBC’s Bryan Kelly Says

A growing number of traditional financial services giants have recently indicated interest in the cryptocurrency market. Brian Kelly, CEO of crypto investment firm BKCM and a CNBC contributor, expects this trend to continue, with the “institutional herd” arriving by the first quarter of 2019.

Last week US financial services giant Fidelity Investments announced the launch of a new company offering digital assets trading and storage services. Called Fidelity Digital Asset Services, the new venture will provide hedge funds, family offices, and other financial institutions with enterprise-grade custody solutions, cryptocurrency trade execution, and dedicated customer support service.

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