Fidelity Investments, one of the largest investment institutions in the world, aims to attract the attention of retail investors with a new crypto offering.
Fidelity Investments is innovating crypto services to attract retail investors. Thanks to its new formation called Fidelity Crypto, the company offers its investors commission-free bitcoin (BTC) and Ethereum (ETH) will provide trading opportunities. While only these two leading cryptocurrencies are available for transactions for now, it is said that other cryptos are also being evaluated and may be included in the system in the future.
This retail-focused product is an enterprise-focused “Fidelity Digital AssetsSupported by the ” unit. Although no commission will be charged from users 1% profit rate on the execution price of each transaction specified will be added.
Fidelity has been quicker to adopt digital assets than any other large traditional investment firm. In addition to these commission-free trading opportunities, the company in Canada a Bitcoin exchange-traded fund, in the USA multiple crypto and metaverse related to ETF offers the opportunity.