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Fidelity’s Crypto-Focused Business Plans Tech Hiring Spree
A Fidelity Investments subsidiary, released a handful of many years ago to permit institutional buyers store and trade bitcoin, designs to double its head count this 12 months as it predicts mounting demand for cryptocurrency amid marketplace volatility. Fidelity Electronic Asset Providers LLC strategies to hire 110 tech staff, such as engineers and developers with blockchain know-how, to create electronic infrastructure to guidance services for cryptocurrencies beyond bitcoin, explained Tom Jessop, its president. The subsidiary also options to incorporate 100 consumer-support specialists. The prepared expansion at Fidelity Digital Assets arrives right after Fidelity Investments in April stated it would permit retirement savers to place bitcoin in their 401(k) accounts afterwards…