Financial services behemoth Fidelity Investments has opened access to a wait list for its bitcoin trading offering, according to its website. Users can express interest in the product, offered by its subsidiary Fidelity Digital Assets, by signing up on the firm’s web page. The product will waive commission fees, an attempt to compete with popular cryptocurrency exchanges such as Binance that have recently launched zero-fee trading. Fidelity, however, will charge a 1% spread fee.

Fidelity has for the past year taken longer strides on the cryptocurrency sector. The asset manager, one of the world’s largest with over $4.5 trillion in assets under management as of September 2022, offers institutional products through Fidelity Digital Assets, including a spot bitcoin ETF in Canada, but the firm’s new moves would cater to the retail investor group.

Namcios

Source link

You May Also Like

Crypto Snack Enables RCD Espanyol to Become the First Football Flub to Integrate Crypto Payments

[PRESS RELEASE – Tallinn, Estonia, 17th November 2022] Crypto Snack, a global…

WBTC DAO migrates to new Multisig, removes 11 signers including FTX – crypto.news

Kyber Network and BitGo are orchestrating the migration of Wrapped Bitcoin DAO…

How to earn passive crypto income with Ethereum?

The cryptocurrency market is incredibly volatile, which can be both good and…

Bitcoin Miner Riot Blockchain Posts Disappointing Quarterly Revenue

Bitcoin mining giant Riot Blockchain posted a net loss of $36.6 million.…

3 historically accurate Bitcoin on-chain metrics are flashing ‘bottom’

Bitcoin (BTC) and other riskier assets slipped on Oct. 21 as traders…

Our Commitment to the Protection of Customer Assets

Given the recent news and market volatility in the digital asset industry,…