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Mike Novogratz, the founder and chief executive of Galaxy Digital Holdings Ltd., said he’s heard that Fidelity Investments will “shift retail customers into crypto soon.”
Fidelity has been one of the most visible institutional proponents of digital assets, saying earlier this year that it would have a product ready in coming months to allow 401(k) plan participants to direct a portion of their savings into Bitcoin. In June, people familiar with the situation said market makers Citadel Securities and Virtu Financial Inc. were building a crypto trading platform along with Fidelity and fellow retail brokerage Charles Schwab Corp.
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