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Fidelity to Offer Commission-Free Crypto Trading in 35 States – Darlinez News.

<p> &lbrack;ad&lowbar;1&rsqb;<br &sol;>&NewLine;<&sol;p>&NewLine;<div>&NewLine;<p>This Thursday&comma; Fidelity started allowing customers to sign-up for its commission-free crypto trading service&period; The service is offered through Fidelity Digital Assets&comma; a subsidiary of the investment behemoth&period;<&sol;p>&NewLine;<h3>Fidelity Will Start Offering Commission-Free Crypto Trading to its Customers<&sol;h3>&NewLine;<p>Fidelity Investments&comma; a major brokerage firm handling around &dollar;9&period;9 trillion in assets&comma; recently announced it is joining Robinhood and Coinbase in offering commission-free crypto trading&period; Currently&comma; customers can sign up for a waitlist on its website&period; The service is a part of Fidelity Crypto&comma; which is&comma; in turn&comma; offered by a subsidiary called Fidelity Digital Assets&period; Customers will be able to trade Bitcoin and Ethereum at launch&period;<&sol;p>&NewLine;<p>According to the company’s website&comma; anyone can sign up for the service and will get early access to commission-free trading&period; Fidelity doesn’t have a timetable for getting people off the waitlist and into crypto trading and explains that a  &OpenCurlyDoubleQuote;Fidelity Crypto invitation will be sent to you based on a number of factors including the timing of when you signed up&comma; your state’s eligibility&comma; and mobile phone’s operating system to make setup smooth&period;”<&sol;p>&NewLine;<p>Commission-free crypto trading will be available in 35 US states where Fidelity Digital Assets has the ability to serve customers&period; The full list can be found on the sign-in page in the FAQ section&period; While it will be no-commission trading&comma; Fidelity will still be charging a 1&percnt; spread fee&period;<&sol;p>&NewLine;<h3>Fidelity’s Long History With Crypto<&sol;h3>&NewLine;<p>Fidelity has a long history with crypto making its interest known already in 2014&period; By 2019&comma; the company launched its cryptocurrency custody service which was heralded already in 2018&period; The company has also continuously been interested in offering Bitcoin to its customers—primarily to institutional investors&period;<&sol;p>&NewLine;<p>In 2021&comma; Fidelity announced it found that 80&percnt; of institutional investors want crypto in portfolios&comma; and a year later it delivered by adding digital currencies to its 401&lpar;k&rpar; menu&period; The company has also been looking to provide its retail investors with exposure to crypto&period;<&sol;p>&NewLine;<p>While the regulators are yet to approve a spot BTC ETF in the US&comma; Fidelity has been operating a Bitcoin exchange traded fund in Canada&period; On its first day&comma; the fund saw nearly &dollar;2 million in trading volume&period; In September 2022&comma; the company started looking into offering the world’s biggest crypto to retail investors&period; They appear to have expanded this proposal by adding Ethereum to its list of digital currencies that will be available for commissioned trading&period;<&sol;p>&NewLine;<p><i>This article originally appeared on The Tokenist<&sol;i><&sol;p>&NewLine;<p>&Tab;&Tab;&Tab;&Tab;<&excl;-- &num;post-footer--><&sol;p><&sol;div>&NewLine;

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