Fidelity Digital Assets has quietly opened up Fidelity Crypto access to millions of users, allowing them to trade Bitcoin and Ether commission-free on the platform. Access to the platform was previously restricted to a waitlist.
First-time users of Fidelity Crypto are required to set up a Fidelity Brokerage account during the setup process. Bitcoin and Ether are currently the only two assets available for trading, the service is commission-free, and the firm will charge a spread of no more than 1%.
Withdrawals aren’t yet enabled on the platform, and the service isn’t available in every state. The move means Fidelity, with a total of 37.1 million retail accounts, has moved faster than most of its peers in the U.S. in offering crypto to retail clients.
The move is as the regulatory environment in the US heats up, after the collapse of two of crypto’s biggest banking partners, Silvergate and Signature Bank.
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