Tom Jessop, the president of Fidelity Digital Assets, the cryptocurrency trading arm of United States fiscal services giant Fidelity, announced that the house may add support for Ether (ETH) in 2022 is there is sufficient demand for it.

During an interview with industry news outlet TheBlock published on Dec. thirteen, Jessop answered questions nigh the firm. When asked about the possibility Fidelity Digital Asset may support Ether in the future, he said:

"We've done a lot of work on Ethereum. We intend to back up information technology in the New year. We're very led by our clients."

Institutional crypto adoption

Jessop also said that the main obstacles to institutional crypto adoption are cost volatility, lack of regulatory clarity, and perhaps most importantly, absenteeism of track tape. He explained that he believes these problems volition be alleviated with time:

"Significant like, 'How do I know that if I buy this matter, it's gonna be effectually tomorrow? Like what indicia of durability or longevity do I have based on the fact that the history of this nugget is 10 years former?' I think many of these things solve themselves with time."

Fidelity's cryptocurrency trading — and custody — platform launched with a select group of clients in March. The platform is non meant for retail investors. Instead, it focuses on hedge funds, family offices, pensions, endowments, other institutional investors.

In Oct Fidelity'south personal investing president Kathleen Spud said that the house does not offer cryptocurrencies on retail trading platforms to protect its clients from the risky market place.

As Bitcoin institutional adoption already started, trading platforms fight to bring Ether to institutions. As Cointelegraph reported in mid-October, Ether futures could be the next mechanism to bulldoze crypto market expansion.