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OTCbid - Fidelity clears regulatory hurdle to become Canada’s first institutional Bitcoin custodian

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" The service would only be available to institutional investors for now, but Fidelity is also launching Bitcoin ETFs to cater to retail interest.

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As reported by The Globe and Mail, Fidelity Clearing Canada received approval from the Investment Industry Regulatory Organization of Canada on Wednesday to launch a Bitcoin (BTC) trading and custody platform. It is designed for use by institutional investors — such as pension funds, portfolio managers and mutual funds — and would be a first-of-a-kind service in the country.

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The firm also plans to cater to retail investors with its regulatory filing for a Bitcoin exchange-traded funded and mutual fund, which was submitted earlier this week. As of September, Fidelity has over $4.2 trillion in assets under management around the world. In addition, exchange-traded cryptocurrency products are rapidly gaining traction, with more than 40 such instruments awaiting approval in the United States alone.

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In an interview with The Globe and Mail, Scott Mackenzie, president of Fidelity Clearing Canada, said the following:

 

“The demand for investing in digital assets is growing considerably and institutional investors have been looking for a regulated dealer platform to access this asset class.”" - Read Full Article

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Source: Cointelegraph

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500K+ BTC BUYER IN TURKEY

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid

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-10 Gross, -5% Net, Trust, Istanbul, Turkey

Seller Mandate Only

- OTCbid.com

 

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NEW : 500K+ BTC @ -10% gross, -5% net, Trust, Istanbul, Turkey - Look For Seller

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(Buyer :  TSA USEE-Gail)

Post: 18.11.21

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• An Institutional Buyer(Trust), is looking for 500K BTC @ -10%gross, -5% net

• This is a sophisticated Institutional Buyer, who's listed on the Borsa Istanbul stock exchange.

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• Buyer = 5%

• Buyerside = 2% 

• Sellerside = 2% ​​​​​

• Intermediary = 1% (closed)

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• ​PROCEDURE:

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• 1. The Trust (BUYER) will open a USD Online Account for  SELLER.  The SELLER will receive Login credentials to see his account. 

• 2. The BUYER shall credit SELLER's account with 100% USD  equivalent of 5,000 BTC less Discount .  

• 3. The SELLER shall transfer the BTCs to the Trust's designated Wallet . 

• 4. The BUYER shall Credit/Debit USD to adjust to final Price. (Price is set as soon as the BTC hits THE BUYERS wallet)

• 5. The SELLER will send instructions through his online account to wire out the money.

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• We are direct to our Buyer. We can take whatever they have - huge appetite.

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SELLER MANDATE ONLY

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Interested parties should contact :

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• OTCbid@gmail.com

• DM Raymond Chai (on Linkedin)

• Telegram @OTCbiddotcom

• Telegram: +1 (786) 632 8577

• T.me/otc_bid

• OTCbid.com