Fidelity opens retail crypto trading accounts: When can users start trading? | cryptopolitan

One of the largest financial services organizations in the world, Fidelity has officially started opening Bitcoin (BTC) and Ether (ETH) trading accounts. Earlier this month, the company announcement its entry into the crypto market and launched a early access list. Users on the list received an email saying “The wait is over,” which further details the launch of its crypto trading services.

Users will need a Fidelity brokerage account to fund their new crypto account. The platform promises commission-free trading of BTC and ETH, and users can freely trade amounts starting at $1. Users on the waitlist were also asked to read and agree to a number of disclosure agreements in the email sent on Monday. These agreements included the standard crypto risk statement, warning users of volatile market risks compared to traditional asset classes.

Fidelity brings a breath of fresh air to the crypto market

Although the crypto market has suffered from falling prices since the start of this year, this month in particular has been crippling for the industry. The collapse of the FTX exchange and its affiliates deeply affected market sentiment as billions of user funds were stranded or lost. As credibility continues to decline in the industry, Fidelity’s announcement is sure to lift the spirits of the crypto community.

The London-based organization is one of the largest financial services providers in the United States and Europe. Its acceptance of crypto is a positive sign for the community, as it shows that crypto adoption is still going strong even when the market is boiling.

Fidelity has always maintained a pro-crypto stance. The company started mining bitcoin in 2014 and also launched a spot bitcoin ETF last December in Canada. The company was also the first in the financial services industry to provide bitcoin offers for its main investment partners – a strategy heavily criticized by US senators.

According to reports, users on the waitlist can already purchase crypto using their Fidelity accounts, but crypto transfer (send/receive) services are not yet available.