Fidelity launches crypto trading for retail customers
To do this, one needs to have a brokerage account with the company
29.11.2022 - 08:00
349
1 min
0
Fidelity has opened up retail crypto trading accounts after first announcing a waiting list earlier this month.
"The wait is over," the investment powerhouse said in an email Monday sent to some users, adding that a Fidelity brokerage account was needed to be able to fund a new Fidelity Crypto account.
Once opened, the account promises commission-free trading of bitcoin and ether. Users trying to open an account were asked to read and accept a number of disclosures, including a risk statement which stated that "investing in, buying, and selling digital assets presents a variety of risks that are not presented by investing in, buying, and selling products in other, more traditional asset classes."
They were also reminded that "digital assets can fluctuate quickly, and materially." The service says a spread of 1% will be factored into every trade execution price.
While Fidelity has been quicker to embrace digital assets than most other large investment companies, it has received some pushback. Three U.S. senators last week asked the firm to reconsider a decision to allow retirement plan participants to invest in bitcoin, saying the industry has become increasingly "volatile, tumultuous and chaotic."
This material is taken from the website theblock.co.
Useful material?
Telegram 
Twitter Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$68 650
BTC
-0.4%
-
Ethereum
$2 435.45
ETH
-1.6%
-
BNB Smart Chain
$570.25
BSC
-0.32%
-
Ripple
$0.508154
XRP
-0.59%
-
Dogecoin
$0.170716
DOGE
+7.39%
-
Cardano
$0.330491
ADA
-1.1%
-
Bitcoin Cash
$338.29
BCH
-0.58%
-
Polkadot
$3.83
DOT
+0.51%
-
Litecoin
$66.01
LTC
-1.58%
-
Stellar XLM
$0.092137
XLM
+0.3%