American Fidelity Investments has opened access to its cryptocurrency platform for retail traders. So far, only users from a special white list can register.
Clients who previously applied to the waiting list received an email saying “Waiting is over”. In order to open an account on Fidelity Crypto, the user also needs a brokerage account on the platform – it is from it that it will be possible to transfer money to a separate account for trading cryptocurrencies. Upon registration, the user will be warned about the risks, as well as provided with the necessary training materials.
Fidelity allows customers to trade Bitcoin and Ethereum without any transaction fees. However, the company introduces a spread of 1% between the purchase price and the sale price of an asset.
Some US congressmen do not welcome Fidelity’s move towards cryptocurrencies. A few weeks ago, three senators called on the company to disable the ability to invest in cryptocurrencies for retirement account holders.
Earlier, Fidelity reported that, despite the fall of the cryptocurrency market, institutional investors continue to invest in digital assets.
Source: Bits
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