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Institutional clients are pushing NYDIG and Fidelity to offer more ETH services

Quick Take

  • Ether (ETH) demand among institutions is surging.
  • That’s pushing firms like NYDIG and Fidelity to expand their services for the crypto.
  • Sources say Fidelity’s clients are increasingly asking for ETH support, while NYDIG has already been offering custody for select clients.
Coinbase's second-quarter results showed ether (ETH) volumes surpassed bitcoin's for the first time. The backstory: institutional demand for Ethereum's native asset is growing.

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