Institutional clients are pushing NYDIG and Fidelity to offer more ETH services
August 11, 2021, 6:33PM EDT · 3 min read
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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