Fidelity Digital Assets, a subsidiary of financial institution Fidelity Investments, plans to double its staff this year to meet growing demand for the cryptocurrency from institutional investors. The Wall Street Journal (WSJ) reports this.
The company plans to hire 110 more engineers and developers with blockchain experience.
The new staff will work on building the infrastructure for Ethereum trading. So far, Fidelity Digital Assets has only offered bitcoin trading.
The company had previously announced its intention to offer cryptocurrency investments for retirement plans (401k).