It’s time to open up the cyber wallets. As Bitcoin becomes more and more popular, it no longer takes extensive technological knowledge to traffic in the currency. Tech companies are now working to make it easier than ever to access and use it. In Boston, a group of companies have created platforms for people to trade, purchase and spend cryptocurrency, helping integrate it into everyday life
Top Cryptocurrency Companies in Boston
- Fidelity
- Circle
- Coin Metrics
- Breach Insurance
- LibertyX
Top Cryptocurrency Companies in Boston
Fidelity is one of the largest investment platforms that provides low-cost brokerage and Roth IRA accounts. Although a majority of the platform’s transactions involve traditional assets, the company has ventured into the crypto space in several ways. First, in 2018, the company launched Fidelity Digital Assets, an online platform for institutional investors to trade and hold crypto. Later, Fidelity provided retail investors with opportunities to buy crypto in their 401(k) retirement accounts and through crypto ETFs.
The process for exchanging money into different currencies can be difficult and full of fees. Circle utilizes digital currency and blockchain technology to allow users to send money instantly across borders and to each other without any exchange rate markups or fees. The software makes the process as secure and simple as sending a text message.
Coin Metrics is a financial intelligence platform with products for all crypto investors, including individual users, project founders and institutional holders. The company aims to advance the use of digital assets by providing educational and research services. For example, its charting features help individuals understand and analyze price fluctuations and identify potential trends. Additionally, Coin Metrics connects academic researchers who are working on advancing cryptoassets.
Breach Insurance is one of the few companies that provides and underwrites insurance products for the crypto industry. The company offers up to $1 million in crypto coverage for individual investors and institutions holding crypto. Breach Insurance can protect clients from hacking, social engineering and the destruction of private keys, which could result in the loss of digital assets.
Bitcoin started as an alternative currency, but it is quickly gaining traction among consumers. LibertyX works to make it easier than ever for people to purchase bitcoins. The tech company is responsible for one of the first virtual Bitcoin ATMs in the United States. Users just need to enter their location, find a virtual store and make a purchase. The bitcoins are then deposited into their virtual wallets and ready to be used.
