Fidelity Launches a Wait List for Retail Cryptocurrency Trading With No Fees

Published on:

Last Updated on November 4, 2022 by Bitfinsider

Fidelity Investments, the financial services company, has created a waiting list for Fidelity Crypto, its crypto product aimed at individual clients.

The impending product launch is yet another indication of the investing behemoth’s interest in cryptocurrency. Institutional clients can already invest in cryptocurrency through Fidelity Digital Assets, a division of the corporation.

The new product will enable commission-free bitcoin and ether trading, according to Fidelity’s website, however a spread of up to 1% will be charged.

According to a recent story, Fidelity was debating whether or not to allow individual brokerage customers to trade bitcoin.

Fidelity is a major player in the institutional crypto industry, having launched a bitcoin exchange-traded fund (ETF) in Canada and multiple ETFs in the US.

Fidelity’s effort to target the retail market is part of a larger trend in crypto, with Goldman Sachs eyeing a partnership with retail-focused crypto exchange FTX early this year.

Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.