Fidelity International's Managing Director for Europe, Christian Staub, has stated that the investment giant intends to remain a part of the cryptocurrency ecosystem. However, due to the volatility and nascent nature of bitcoin, the firm will not encourage people to buy it.

Staub expects the industry to become more sophisticated in the future, but investors should be prepared for increased volatility. Fidelity has been involved in the cryptocurrency space for almost a decade and has established its subsidiary, Fidelity Digital Assets, to oversee its crypto forays and assist clients.