Fidelity Encryption Division FDAS will register the first crypto exchange at the end of the year

According to CoinDesk, Tom Jessop, president of Fidelity Digital Assets, said Fidelity Digital Assets (FDAS), the Fidelity Digital Assets (FDAS), is expected to register its first cryptocurrency exchange by the end of the year. This move may push FDAS into a broader market and provide liquidity for smaller transactions. Jessop said: "From the launch of the trading platform five months ago to the end of the year, we will more than double the number of liquidity providers. We mainly focus on off-exchange liquidity providers." But he declined to disclose the specific amount. (Coindesk) More FDAS announced that the New York State Department of Financial Services (DFS) has approved its escrow hosting service Fidelity Digital Asset Services, LLC (FDAS) to apply for trust business in New York State. Its president, Tom Jessop, said the move would expand its potential customer base to compete with coinbase custody and managed businesses such as Bakkt that already do business in New York.