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Fidelity cashes in on crypto crisis following FTX collapse

Asset manager says exchange's failure has resulted in a 'flight to quality'

Fidelity crypto chief Chris Tyrer has seen 'a pretty substantial uptick in client activity and deposits owing to the recent events'
Fidelity crypto chief Chris Tyrer has seen 'a pretty substantial uptick in client activity and deposits owing to the recent events' Photo: Luke MacGregor/Getty Images

Fidelity’s institutional crypto boss said the firm is taking advantage of the turmoil in the digital assets sector, as clients flee “crypto native” platforms after FTX’s collapse.

Chris Tyrer, head of institutional at Fidelity Digital Assets, told Financial News the firm had seen “a pretty substantial uptick in client activity and deposits owing to the recent events”.

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