Announced at the beginning of November, see our article on this subject, Fidelity Crypto, the crypto trading platform for retail clients of Fidelity Investments, opened its doors to a select few.
Until now, you had to register on a waiting list, but some Fidelity Investments clients have received an email titled “The wait is over” which offers them access to crypto trading on Fidelity Crypto, reports the media The Block.
To access these crypto trading services, however, Fidelity retail clients must have a Fidelity brokerage account in order to be able to fund a new Fidelity Crypto account.
As a reminder, Fidelity Investments is a financial giant, it manages no less than $4.5 trillion in assets for 34 million customers worldwide.
Its new Fidelity Crypto trading platform is to allow its retail clients to trade Bitcoin (BTC) and Ethereum (ETH).
Crypto trading which will be done without commission but Fidelity Crypto specifies that it will charge a spread (gap) on the purchase price of cryptocurrencies.
The arrival of Fidelity in crypto trading illustrates a growing adoption of Bitcoin and cryptocurrencies among the general public and institutions.
Note that Fidelity has also partnered with major financial players including Charles Schwab and Citadel Securities in order to launch a crypto exchange called EDX Marketsclick here to read our article.
Institutional players increasingly involved in the crypto sector as it is currently going through a difficult bear market battered by the recent bankruptcies of some major players such as FTX, Celsius, or more recently BlockFi.
A Bitcoin price still uncertain which is currently around 16415 dollarsclick here to follow the BTC course live.
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