Now courted by banks and large investment funds, Bitcoin (BTC) is gradually becoming a common financial product within major financial institutions.
After launching crypto investment products aimed at its institutional clients, the investment giant Fidelity Investments will soon allow retail clients to trade Bitcoin (BTC) and Ethereum (ETH).
Fidelity Crypto will indeed offer crypto trading to the 34 million individual customers from the $4.5 trillion asset manageras confirmed by the company’s website, which offers interested people the possibility of registering on a waiting list.
Crypto trading which will be done without commission but Fidelity Crypto specifies that it will charge a spread (difference) on the price:
“Fidelity Digital Assets will collect a spread (valued at a maximum of 1%) calculated as the difference between the price at which you buy or sell crypto in your Fidelity Crypto account and the price at which Fidelity Digital Assets executes your order. »
A spread technique that can ultimately cost much more than traditional trading fees found on traditional crypto trading platforms such as Binance or FTX.
Fidelity’s launch of a crypto trading service for the general public illustrates the growing adoption of Bitcoin and cryptocurrencies which is accelerating.
In the same vein, Fidelity has recently 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.
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