Fidelity’s Digital Asset exchange has gone live with the whole crypto space holding its breath in anticipation that this is the first domino to fall in a long line.

Fidelity Digital Assets is a digital company created by investment giant Fidelity, Who handle over $2.6 Trillion dollars. The exchange has been up and running with institutional investors like hedge funds drawing huge attention to the crypto space with Fidelity mostly known for managing retirement plans and mutual funds but spends over $2.5 Billion a year on artificial intelligence and blockchain.

The exchange will execute trades on multiple exchanges for professional investors and will handle the custody of the digital assets on the platform but the company itself is still waiting for SEC approval on the matter.

With the cheaper prices in the current bear market being a huge draw for a lot of institutional investors with Bitcoin reaching $20,000 off the back of normal day people alone they can only imagine what they can achieve once it's fully adopted.

Fidelity Digital Assets is the first of the highly anticipated Insititute launches we will have to wait and see if this has an effect on the other companies like Bakkt and SBI.