Fidelity’s digital asset arm to boost crypto client workforce, Bitcoin is rising

Fidelity Investments’ digital assets division will increase its hiring this year to cater to its growing list of clients who invest and trade in crypto assets. The company is looking to fill 210 new positions in customer service, technology and operations. Currently, Fidelity Digital Assets employs nearly 200 people, which caters to clients who want to invest in crypto assets that trade continuously.

“As demand for digital assets increases and the market evolves, we will continue to expand our recruiting efforts,” said Tom Jessop, president of Fidelity Digital Assets.

Fidelity Investments last month became the first major retirement plan provider to allow individuals to invest a portion of their savings in Bitcoin through their 401(k) plans.

The hiring comes just weeks after cryptocurrencies saw a significant decline following the collapse of stablecoin, TerraUSD. Stablecoins are digital tokens whose value is tied to the value of traditional assets.

Crypto prices

The price of Bitcoin in the cryptocurrency market increased by 0.51% in the past 24 hours, and it was trading at $31,772.84 as of 6:00 PM IST. According to Coinmarketcap.com, its dominance in the crypto market is currently at 46.22%, up 0.13% in the last 24 hours.

Over the past 24 hours, Ethereum (ETH) was trading at $1,953.69, down 0.53%, while Binance Coin (BNB) was down 0.26% over the same period and was trading at $317.84. Solana (SOL) was down 2.71% at $44.92, while Cardano (ADA) was down 3.66% at $0.6074.

meme pieces

Dogecoin was trading at $0.08708 on Coinmarketcap.com as of 6:00 PM IST and was up 1.97%. Its rival, Shiba Inu, was up 0.52% and trading at $0.00001179. Samoyedcoin rose 1.89% and traded at $0.005767, while Dogelon Mars rose 0.96% and traded at $0.0000004873.

Overall scenario

According to Coinmarketcap.com, the global crypto market capitalization was $1.31 trillion, an increase of 0.15% in the past 24 hours, while the total crypto market volume was 84. $51 billion, a decrease of 9.01%.

Burn To Earn was the biggest gainer, earning 573.68%. It was trading at $0.000006937 as of 6:00 PM IST, according to Coinmarketcap. In contrast, AnonPay experienced the maximum loss and fell 90.47%. It was trading at $0.0001002.