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Fidelity to increase crypto unit by 25% with 100 new hires

Fidelity will add 100 new employees to their crypto unit, increasing its strength by 25%

$4.5 trillion asset management firm Fidelity Investments is reportedly set to hire another 100 people to bolster the firm’s growing digital assets division — a stark contrast to the recent squeezing out of crypto-talent.

Fidelity representative Telled Bloomberg on Oct. 22 that the firm has begun a new round of hiring, which will bring the Fidelity Digital Asset’s headcount to around 500 by the end of the first quarter of 2023.