Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Bitcoin SV, Cardano: Price Analysis, Feb. 1
Institutions like Fidelity have not shelved their crypto plans completely, and are moving ahead with trading and custody projects.
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CEO of CoinList Andy Bromberg expects 2019 to be a quiet year for cryptocurrencies in terms of price while crypto firms focus on developing products and services that are useful to the public. A few analysts, however, expect the leading digital currency to fall further. With the January’s negative closing, Bitcoin has now fallen for a record six months in a row.
This has not influenced the top firms to shelve their crypto related projects. Investment firm Fidelity has said that its cryptocurrency trading and custody platform is in the final stages of testing. Currently, these services are being offered to a small group of clients who are helping the firm test and refine the process. Once complete, the services will be offered to the other institutions and large clients.
Hopes for a Bitcoin ETF are back on track as the Chicago Board Options Exchange, along with investment firm VanEck and financial services company SolidX, has re-submitted its application<