Announced in early November, see our article on this topic, Fidelity Crypto, the crypto trading platform for retail clients of Fidelity Investments, opened the doors to a select few.
Until now, you’ve had to register on a waiting list, but some Fidelity Investments clients have received an email titled “The wait is over,” which gives them access to crypto trading on Fidelity Crypto, reports The Block media outlet.
However, to access these crypto trading services, Fidelity retail clients must have a Fidelity brokerage account in order to fund a new Fidelity Crypto account.
As a reminder, Fidelity Investments is a financial giant, it manages nothing less than $4.5 trillion in assets for 34 million customers worldwide.
Its new Fidelity Crypto trading platform will 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 public and institutions.
Note that Fidelity has also partnered with major financial players, including Charles Schwab and Citadel Securities to start a crypto exchange called EDX marketsclick here to read our article.
Institutional players are increasingly involved in the crypto sector as it is currently going through a difficult bear market affected by the recent bankruptcies of some major players such as FTX, Celsius or recently BlockFi.
ONE Bitcoin price is still uncertain which is currently around 16415 dollarsclick here to follow BTC rate live.
Follow us on Telegram, Facebook and Twitter.