Despite the Bear Market, Fidelity's Crypto Arm on a Hiring Spree

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The Boston-based company has been racing to ensure it does not end up short-staffed again.

Fidelity’s aggressive push into the cryptocurrency sector isn’t surprising. But the hiring plans for different tech roles in the financial service company have remained unfazed despite the turbulent state of the market.

As part of its expansion plans, the subsidiary aims to develop infrastructure to support custody and trading services for Ethereum . Compliance and tax-reporting tools are other aspects that the team will be tasked with. Jessop also said,

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“Bearishness,” not “bear market.” The last year or so has simply been a very frustrating (and probably the longest ever) pullback within what will almost definitely end up being bitcoin’s longest bull market since its creation.

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