Coinspeaker
Fidelity to Expand Presence in Europe after MiCA Implementation
Fidelity Investments, one of the leading asset management companies in the United States, plans to establish its presence in Europe through its crypto subsidiary Fidelity Digital Assets.
The unit, launched in November 2018 to offer Wall Street investors the opportunity to buy and sell cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as over-the-counter (OTC) services, currently only caters to customers in the US.
However, the company’s Vice President, Manuel Nordeste, recently stated at the European Blockchain Convention in Barcelona that it is actively exploring opportunities to enable its entry into the EU after the region’s landmark crypto rule becomes effective later in 2024.
“We do have plans to access the EU after MiCA comes into force, and we’re actively exploring the best setup for us to do so,” Nordeste said in an interview.
Fidelity to Explore the Market in Europe for Its
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