The impending product launch is another indication of the investing behemoth’s interest in cryptocurrency. Institutional clients may already invest in cryptocurrency through Fidelity Digital Assets, a division of the corporation.
The new product will enable commission-free bitcoin and ether trading, according to its website, however, a spread of up to 1% will be charged.
According to a recent report, the company was debating whether or not to allow individual brokerage customers to trade Bitcoin.
Fidelity is a major participant in the institutional crypto industry and has launched a Bitcoin exchange-traded fund (ETF) in Canada and multiple ETFs in the US.
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