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#CryptoCorner: Investment Giant #Fidelity Launches Digital Assets Platform, #Bitfinex Revamps Fiat Deposit System and #Coinbase is Opening a New Office in Dublin October 16th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App 
Point Roberts, WA and Delta, BC - October 16, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner, now available in podcast.
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#CryptoCorner: Investment Giant #Fidelity Launches Digital Assets Platform, #Bitfinex Revamps Fiat Deposit System and #Coinbase is Opening a New Office in Dublin
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US investment giant Fidelity, which boasts over $7.2 trillion USD in client assets, has announced the launch of Fidelity Digital Assets, which will offer services for cryptocurrencies to institutional investors. Tom Jessop, the head of Fidelity Digital Assets, explained that the project has been in the works for years and was only the beginning of the company's ambition in the crypto space.
"We started exploring blockchain and digital assets several years ago, and those efforts have been successful in helping us understand and advance our thinking around cryptocurrencies. The creation of Fidelity Digital Assets is the first step in a long-term vision to create a full-service enterprise-grade platform for digital assets."
In a blog post today, crypto trading giant Bitfinex announced an "improved fiat deposit system". The new system will require users to first send a request detailing the amount and type of currency they wish to deposit, which is followed by a review process that may take up to 48 hours, and then the deposit can be made with processing times within 6-10 business days. The blog post explained that this new system will be more resistant.
"We believe this system to be significantly more durable in the face of sustained attacks by our competition and their supporters. Ongoing campaigns against us will only result in our company becoming stronger and better."
Coinbase has announced their expansion in the European Union with a new office opening up in Dublin, Ireland. The exchange giant, which saw faster market growth in the EU last year than any other market, chose Dublin for their "diverse talent pool and long-standing support for technological innovation". Zeeshan Feroz, the CEO of Coinbase UK, told the Guardian that Dublin was chosen not just for its available talent, but as a precaution against unpredictable Brexit negotiations.
"To begin with we're housing a significant support team there, and we're looking to capitalise on the talent pool that's available to us in Ireland and hire other folks. It is also a plan B for Brexit. As we plan for all eventualities, it's important that we continue servicing our customers across Europe, and Ireland would be our preferred choice there if it comes to it."
Sam Mowers, Investorideas
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