Fidelity Digital Assets' revenue for the last year amounted to 545,000 pounds sterling ($696,000), although in 2022 it reached 1.34 million pounds ($1.7 million). The year before last, the company was also unprofitable, but the losses were only 2.5 million pounds ($3.2 million).

The Fidelity administration explains: the drop in income in 2023 is associated with a drop in the income of client companies caused by a decrease in investment activity and negative dynamics of the digital asset market. Fidelity Digital experienced a decline in fee income from its custodial and trading services clients. Another factor that negatively affected the financial result was the increase in wages and benefits for employees: the authors of the report complain.

Fidelity Digital management promises to expand its offering of products and services in the field of digital assets and forecasts revenue growth for 2024, thanks to increased business activity in the crypto market.

Earlier, in a report by experts from Fidelity Digital Assets, it was reported that the number of wallets containing bitcoins worth over $1,000 has increased worldwide to 10.6 million. Since 2023, the growth has been more than 100%. Fidelity Digital emphasized that the increase in the number of such wallets indicates the growing spread of the first cryptocurrency.