Fidelity Investments Could Open Cryptocurrency Exchange

Fidelity Investments may shake off its long-held conservative reputation in the coming months by opening a cryptocurrency exchange. Unnamed sources told Business Insider that the broker has circulated an employee memo, seeking to hire a programmer who can "engineer, create and deploy a Digital Asset exchange to both a public and private cloud." Abigail Johnson, owner of the privately held brokerage, expressed enthusiasm for cryptocurrencies in May 2017, noting that the broker "set up a small bitcoin and ethereum mining operation ... that miraculously now is actually making a lot of money."

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