Fidelity and Coinbase team up

I thought this was interesting – Fidelity brokerage customers are going to be able to see their Coinbase digital wallets on the site, incorporated with their stocks and bonds. I’m a user of both, so I can’t wait to check this out…

Starting Wednesday, most Fidelity clients will be able to authorize Coinbase, one of the largest crypto-currency exchanges in the United States, to provide the fund manager with data on their holdings.

Through the experiment, the company said it aims to learn more about digital currencies, which have been proliferating since the creation of Bitcoin, the oldest and most valuable of these assets.

It’s good to see Fido’s tech team thinking about the future and trying to be open-minded. You’ll notice, however, that there’s no mention of transacting or trading BTC directly on Fidelity, you’ll still have to have a Coinbase or similar service to so.

For now.

More about my thoughts on Bitcoin here:

I bought my first Bitcoin (TRB)


Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.