Fidelity Opens Wait List With Zero Fee for Retail Crypto Trading
CoinEdition
Published Nov 04, 2022 06:30AM ET
Fidelity Opens Wait List With Zero Fee for Retail Crypto Trading
- Fidelity Investments has launched its brand new crypto trading product.
- The platform is launching commission-free crypto trading for its retail investors.
- The firm opened an early-access waitlist to its users this Thursday.
Financial services company Fidelity Investments officially announced the launch of its brand-new crypto trading product. The investment platform is launching commission-free crypto trading for its retail investors. The launch is a sign of Fidelity’s interest in crypto.
Fidelity becomes the third company to provide commission-free crypto trading after Robinhood (NASDAQ:HOOD) and Binance.US. The disclosure comes at a time when investors are doubting Coinbase’s and other exchanges’ capacity for generating income. Historically, they have relied on trading commissions as a source of income, but zero-fee trading in crypto is becoming inevitable.
In other news, Goldman Sachs (NYSE:GS) is attempting to standardize how the financial sector discusses, monitors, and invests in the expanding universe of digital assets. According to executives at the three companies, the investment bank will soon introduce a data service it developed with global index provider MSCI and data provider Coin Metrics to categorize hundreds of digital coins and tokens so institutional investors can understand the new asset class.
The post Fidelity Opens Wait List With Zero Fee for Retail Crypto Trading appeared first on Coin Edition.
See original on CoinEdition
Get The News You Want
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.