Coming Soon to Commission Free Trading on Fidelity!

Fidelity Investments is an asset management company that manages approximately 40 million retail investors. The company has been very interested in the cryptocurrency market for some time. Recently, it announced a new product dedicated to its retail customers. Discover the crypto service that Fidelity Investments will soon offer.

Soon the launch of Fidelity Crypto

Fidelity Investments recently announced that it is working on developing a fee-free cryptocurrency exchange. The company said the new product is designed for retail investors. An early access list has also been created for this new service called Fidelity Crypto. Indeed, Fidelity Investments has published : “Join the early access list to trade bitcoin and ethereum and discover educational resources that make crypto much less cryptic“.

Fidelity Investments announcement

In addition, the company explained on its website:Fidelity Crypto is your option to buy and sell bitcoin and ether in the Fidelity Investments app“. The asset management company also said:A significant portion of Fidelity clients are already interested in and own crypto“. It should be said that she has not officially given a date for the launch of the new service.

One goal: succeed in competing with Coinbase and Binance!

When we launch, you’ll be able to trade crypto with as little as $1 while having an integrated view of your traditional and crypto investments. And just to be clear, Fidelity Crypto is not a new coin.” said the asset management company.

In the crypto space, the company intends to meet the needs of all investors, whether they are institutional or retail. she wishes offer reliable and reputable cryptocurrency custody services worldwide. It wants to compete with the biggest crypto exchanges like Coinbase and Binance.

Fidelity is one of the largest brokerage firms in the world. The firm had approximately $11.8 billion under management as of December 2021. This amount equates to £10.3 billion in assets. Today, Fidelity Investments wants to position itself as a major competitor to Coinbase and Binance. There is no indication yet that it will get there, but it is clear that more and more consumers are looking to invest in cryptos. It is up to Fidelity Investments to ensure that their exchange will offer custody and trading services in a secure manner to convince clients.

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Luc Jose Adjinacou avatar
Luc Jose Adjinacou

Far from dampening my enthusiasm, a failed cryptocurrency investment in 2017 only increased my enthusiasm. I therefore decided to study and understand blockchain and its many uses and with my bullet to pass on information about this ecosystem.

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