Investment giant Fidelity Investments has launched Fidelity Crypto, a service which allows its customers to trade cryptocurrencies from US$1.
The service, which is currently allowing customers in the US to join an early access list, enables the trading of Bitcoin and Ethereum — the two top cryptocurrencies by market cap. Additional cryptocurrencies are being evaluated to expand trading opportunities over time, the firm said on its website.
The firm first announced its plans for the platform in November, as a “meaningful portion” of its customers are already interested and own crypto. With the platform, Fidelity Investments is providing its customers with the tools to support their choice, allowing them to leverage on the firm’s education, research and technology, it said.
Photo: MetaComp
The Monetary Authority of Singapore has granted Singapore-based digital asset platform MetaComp its Major Payment Institution licence under the Payment Services Act. This allows MetaComp to offer an end-to-end suite of digital asset services to corporates as well as traditional and crypto-native institutional investors.
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Founded in 2018, MetaComp claims to be powered by the “best-in-class” Nasdaq trading engine. Its parent company is MetaVerse Green Exchange, which holds the Recognised Market Operator licence and Capital Market Service licence. Together, both entities are able to offer exposure to tokens backed by real-world assets such as intellectual properties, tokens backed by supply chain financing and tokens backed by carbon credits.
Photo: Binance
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Binance has fully acquired Japanese-registered crypto exchange service provider Sakura Exchange BitCoin (SEBC), allowing it to enter the Japanese market as a Japan Financial Services Agency regulated entity. SEBC offers its customers consultation services in addition to its brokerage services, currently supporting 11 trading pairs.
Binance has secured regulatory approvals or authorisations in France, Italy, Spain, Bahrain, Abu Dhabi, Dubai, New Zealand, Kazakhstan, Poland, Lithuania and Cyprus. The acquisition of SEBC marks Binance’s first licence in East Asia.
