Crypto Trading Without Commissions? New Fidelity Product Delivers It
Fidelity Investment will launch a new crypto trading product for retail investors in the United States. The firm has been launching new products and offerings to offer its clients exposure to Bitcoin and crypto across multiple options. Related Reading: Fed Interest Rake Hike Fails To Destabilize Bitcoin, Is This The Bottom? Per a report from […]
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Fidelity Investments, one of the world’s largest brokerage firms with $9.9 trillion in assets under administration, is launching Fidelity Crypto, a service that allows retail investors to trade bitcoin and ether commission-free. “A meaningful portion of Fidelity customers are already interested in and own crypto,” the firm said.
Fidelity Investments to Begin Offering Crypto Trading to Retail Investors
Fidelity Investments, one of the largest brokerages in the world, is launching a commission-free crypto trading service for retail investors. The firm serves....
The international branch of investment firm Fidelity recently announced the launch of their first Bitcoin Exchange Traded Product (ETP) in Europe, according to a report from ETF Stream. Called Fidelity Physical Bitcoin ETF, the investment product will be listed on the Deutsche Boerse, the Frankfurt Stock Exchange, and will be list the SIX Swiss platform […]
According to eToro’s Q2 report, crypto drove the 125% surge in trading volumes in Q2, with crypto representing 73% of total trading commissions. Crypto grew to represent 73% of trading commissions on popular retail trading app eToro in the second quarter. eToro announced its Q2 results on Aug. 25, with the firm posting $362 million worth of total trading commissions and reporting its assets under administration had reached $9.4 billion. In an investor update released on the same day, the firm outlined that crypto-assets accounted for 73%, or $264.26 million of commissions, which marked a....
Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained. Fidelity Expanding Crypto Services Fidelity Investments’ digital assets subsidiary, Fidelity Digital Assets, is expanding its services. Founded in 2018, Fidelity Digital Assets currently employs about 200 people. The company is looking to fill 110 new positions to focus on assets beyond....
The collaboration aims to give institutions access to digital assets with new innovative product designed specifically for their needs. Fidelity Digital Assets — the crypto wing of Fidelity Investments — and crypto borrowing and exchange platform Nexo have announced a partnership to offer crypto custodial services, products and lending services for institutional investors. The two firms will create a comprehensive product line and legal infrastructure for institutional investors looking to get exposure to cryptocurrencies.The partnership with Fidelity Digital Assets will allow Nexo to....