Fidelity Investments is an asset management company that manages approximately 40 million retail investors. The company has taken a close interest in the cryptocurrency market for a long time. Recently, it announced a new product dedicated to its retail customers. Discover the crypto service that Fidelity Investments will soon offer.
Soon the launch of Fidelity Crypto
Fidelity Investments recently announced that it is working on developing a zero-fee cryptocurrency exchange. The company said the new product is designed for retail investors. An early access list has also been created for this new service called Fidelity Crypto. In fact, Fidelity Investments has PUBLISHED : “Join the early access list to trade bitcoin and ethereum and discover educational resources that make crypto less mysterious“.
Additionally, the company explains on its website:Fidelity Crypto is your opportunity to buy and sell bitcoin and ether on the Fidelity Investments app“. The asset management company also said:A significant portion of Fidelity’s customers are interested in and own crypto“. It should be said that he did not officially give a date for the launch of the new service.
One goal: succeed in competing with Coinbase and Binance!
“When we launch, you will be able to trade crypto with as little as $1 while having a unified view of your traditional and crypto investments. And to be clear, Fidelity Crypto is not a new coin.said the asset management company.
In the field of crypto, the company seeks to meet the needs of all investors, whether institutional or retail. He wants to offers reliable and recognized cryptocurrency custody services whole world. It wants to compete with the biggest crypto exchanges like Coinbase and Binance.
Fidelity is one of the largest brokerage firms in the world. The company has approximately $11.8 billion under management until December 2021. This amount equates to £10.3 billion in assets. Now, Fidelity Investments wants to position itself as a major competitor to Coinbase and Binance. There is still no indication that it will get there, but apparently more and more consumers are looking to invest in cryptos. It is up to Fidelity Investments to ensure that its exchange offers custody and trading services in a safe manner to convince customers.
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Far from dampening my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my motivation. So I decided to study and understand the blockchain and its many uses and relay the information in my pen related to this ecosystem.