Fidelity Launches a Crypto Platform for Retail Investors
REUTERS/Brian Snyder
Main page News, Cryptocurrency
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Nov. 29, 2022

Fidelity has just unveiled a platform for investing in digital currencies aimed at retail traders.

According to The Block, to access the Fidelity Crypto service, customers must open a brokerage account with the company. Once this is done, they will be able to buy and sell Bitcoin and Ether without having to pay any commission.

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However, during registration on the platform, each client must agree to the terms of use of the service and assume all risks associated with investing in virtual currencies.

In addition, the company also reminds users "digital assets can fluctuate rapidly, and materially." The service reports that a 1% spread will be factored into the execution price of every trade.

The company has been interested in the blockchain sector for the past few years.

The crypto division of the company launched in December 2020 a lending service together with BlockFi, which has recently filed for bankruptcy.

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