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Fidelity shrugs off crypto winter and launches Bitcoin trading service for retail investors ⋆ ZyCrypto

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Fidelity Investments Enable retail customers trade bitcoin. According to reports, several customers received an email on Monday saying “The Wait Is Over”, adding that users must open a Fidelity brokerage account to be able to fund their new Fidelity Crypto account. I was.

Prospective Users agree to include a risk statement stating that “the investment, purchase, and sale of digital assets presents various risks not presented by the investment, purchase, and sale of other products.” I was asked to read and agree to several disclosures. , a more traditional asset class. “

The move comes after the company announced earlier this month that it would launch a commission-free trading product for retail investors and open early access to users. Under the service, you can enjoy commission-free transactions in Bitcoin and Ethereum.

You can also access digital asset custody services through our subsidiary, Fidelity Digital Assets. Due to the volatility of cryptocurrency prices, the firm also noted that it considers his 1% spread for all trade executions. Additionally, the user must maintain at least $1 in their trading account.

Fidelity is one of the world’s largest brokerage firms and currently manages approximately $9,9 trillion in assets.The company continues despite major crypto companies being thrown off balance this year by the FTX debacle and general crypto market collapse Expanding Easily into the digital asset space. Fidelity’s crypto efforts began in 2014 when he started mining Bitcoin. In December 2021, the brokerage launched a spot Bitcoin ETF in Canada.

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That said, with this new trading product, the company now joins the likes of Binance US and Robinhood in offering commission-free cryptocurrency trading, as well as expanding regulatory scrutiny. Last week, the Boston, Massachusetts-based company was heavily criticized by three U.S. senators for its decision to allow participants in its 401(k) retirement plan to invest in Bitcoin.

https://zycrypto.com/fidelity-shrugs-off-crypto-winter-opens-bitcoin-trading-service-for-retail-investors/ Fidelity shrugs off crypto winter and launches Bitcoin trading service for retail investors ⋆ ZyCrypto

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