Fidelity launches waiting list to offer crypto trading to retail investors

Fidelity Crypto has opened an early access waiting list for retail investors looking to trade BTCUSD bitcoin,
and ethereum ETHE,

Fidelity Digital Assets already allows institutional clients to invest in crypto, and in a Wall Street Journal report in September, the financial giant is considering allowing individual brokerage clients to trade bitcoin.

Fidelity Crypto product for retail investors will offer commission-free bitcoin and ether trading, but charge up to 1%

According to Fidelity’s website, the new product will offer commission-free trading of bitcoin and ether, although it notes that a spread of up to 1% will be charged. The website also notes that “crypto investors can lose the entire value of their investment” as it is always highly volatile and can become illiquid at any time.

At present, Fidelity only offers Bitcoin and Ethereum, as “as of today, these are the top cryptocurrencies by market cap,” the website says. But additional cryptocurrencies are being evaluated, he says.

This is not the financial company’s first foray into the crypto space. It already issues a bitcoin exchange-traded fund (ETF) in Canada and ETFs in the US.

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