Fidelity's Client Order Flow Sales Generate $10M in Monthly Revenue

Fidelity has started selling client order flow, generating $10 million in monthly revenue.

The move comes as Fidelity continues to expand its cryptocurrency offerings and services. The company's decision to sell client order flow is seen as a significant development in the crypto space, with some experts predicting it could lead to increased liquidity and trading volumes for various cryptocurrencies.

Fidelity has been at the forefront of institutional adoption of cryptocurrencies, offering Bitcoin (BTC) custody services and enabling clients to buy, sell, and store digital assets. By selling client order flow, Fidelity is providing a new revenue stream that can help offset operational costs associated with its crypto business.