US-based financial services giant Fidelity Investments made a new announcement. Activating the Fidelity Crypto commission-free cryptocurrency trading service, the company has opened its waiting list.
As a matter of fact, Customers will now be able to buy and sell Bitcoin (BTC) and Ethereum (ETH).
In the statement made by Fidelity, it was stated that a significant portion of its customers are interested in cryptocurrencies.
Fidelity will compete with crypto exchanges such as Robinhood, Coinbase, Binance, especially those that pioneer commission-free trading.
As reported by Koinfinans.com, cryptocurrency boss Mike Novogratz spoke positively about Fidelity’s new offer last month.
Novogratz, retail customers in 2019 bitcoin interpreted this decision, which allowed him to buy. He explained that Fidelity would be the “most bullish thing” that could happen to the world’s largest cryptocurrency.
With $9.9 trillion in assets under management, Fidelity has recently surpassed 30 million investor accounts.
A recent survey conducted by Fidelity shows that institutional interest in crypto has not been affected by the recent crash. As a result, an impressive 74% of institutions claimed they want exposure to cryptocurrencies in the future.
On the other hand, in September, Fidelity also announced a new Ethereum Index Fund designed for accredited investors. In April, the Boston-based company announced a new service that allows 401(k) investors to access Bitcoin.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.