Fidelity Crypto is a new service coming soon, and it will provide retail investors with the tools to buy and sell crypto without paying commission fees. Watch out Coinbase, Fidelity is making an entrance into the crypto trading world!
Users are only required to keep $1 in their account as a minimum, and there is no large investment minimum required to get started. This is exactly what the people want, so we applaud Fidelity for the move into cryptocurrency investments. Most of us already own crypto on platforms like Binance, Crypto.com, and Coinbase. However, our stock investments are usually held on platforms like Fidelity, E-Trade, and Ameritrade.
Fidelity now makes it possible for retail investors to buy and sell Bitcoin under one of the largest brokerages in the world. That’s right, Fidelity handles $9.9 trillion in assets, and is a reputable company that investors trust.
There is an open waitlist you can sign up for to get access to Fidelity Crypto as soon as it launches, check it out here.
Even though there won’t be any commission fees when you trade crypto with Fidelity, the firm said they are going to factor in a 1% spread into every trade – so it’s very similar to Robinhood and Binance.US.
Source: CNBC
