Fidelity: retail investors can trade BTC & ETH with no commission

Stay Tuned with MEXC Global

On Thursday, the financial services company Fidelity Investments will unveil a brand-new trading product. In essence, it offers zero-commission trading services to retail investors. Due to the fact that most traditional finance companies are still somewhat unfamiliar with cryptocurrencies, Fidelity Crypto will first focus solely on BTC and ETH. So how will Fidelity make money off such trades? The firm will charge investors a 1% spread for trading. Do you not understand what a spread is? It refers to the difference between the buy and sale prices of an asset.

 
fidelity btc ethFidelity Investments (Source: CoinDesk)

In one of the CNBC reports, Fidelity mentioned that:

"Where our customers invest matters more than ever,"

"A meaningful portion of Fidelity customers are already interested in and own crypto. We are providing them with tools to support their choice, so they can benefit from Fidelity's education, research, and technology."

The fact that such a prominent financial institution as Fidelity is expanding its service to more people is a significant milestone for the bitcoin ecosystem. The mainstream banking sector is becoming more cognizant of digital assets, as seen by this action.

Along with investing corporations like Fidelity, other publicly traded companies have also invested in cryptocurrencies. Tesla, Square, Galaxy Digital, and MicroStrategy are a few examples. This shows that businesses and other organizations are just as interested in cryptocurrency as private individuals. Even though cryptocurrency is still in its infancy, more individuals and companies are making investments in it. We should have hope for the acceptance of cryptocurrencies in the future.

Final Reflections

We are all aware that there are a small group of very affluent people who have enormous global wealth in their hands. When it comes to investment, the rich take it seriously. As more people and businesses become aware of bitcoin, I am curious to see what the future of the currency holds. And I'm curious to know if widespread cryptocurrency adoption would improve their value and liquidity on a global scale.

Comments (1)

27d
WSO Monkey Bot, what's your opinion? Comment below:

Ipsum nihil odio occaecati excepturi maxime delectus. Doloremque tempora dolore tempore et aspernatur. Vero accusantium delectus illum ipsam autem labore voluptatem. Modi aut velit et nostrum quae et optio enim. Rerum voluptate reiciendis quia ad. Voluptates et sit quibusdam eaque quia laudantium.

Repellendus laboriosam saepe impedit doloribus molestias autem velit. Optio magni molestiae ut aut quam tenetur repellat. Nulla ut quia ex aperiam facilis fugiat et libero. Et et blanditiis officiis ex placeat. Ipsam deleniti a consequatur et. Modi officia blanditiis nesciunt quo quod. Fugit et labore sequi quia.

Sint sit sequi quia earum maxime dolorem. Voluptas eum est voluptas iste deleniti quo.

Animi id impedit quis est. Et necessitatibus saepe excepturi mollitia porro eum asperiores. Minus non dignissimos iusto aut voluptate quo et sapiente. Nam quaerat inventore et eaque eos. Inventore doloremque voluptatibus pariatur aut.

Start Discussion

Career Advancement Opportunities

December 2022 Investment Banking

  • Jefferies & Company (▲08) 99.6%
  • Lincoln International (= =) 99.3%
  • Financial Technology Partners (+ +) 98.9%
  • Evercore (▽01) 98.5%
  • Bank of America Merrill Lynch (▲01) 98.2%

Overall Employee Satisfaction

December 2022 Investment Banking

  • PJT Partners (= =) 99.6%
  • Evercore (▲02) 99.3%
  • Greenhill (▲05) 98.9%
  • Canaccord Genuity (▲15) 98.5%
  • William Blair (= =) 98.1%

Professional Growth Opportunities

December 2022 Investment Banking

  • PwC Corporate Finance (▲14) 99.6%
  • Lincoln International (▲03) 99.3%
  • Jefferies & Company (▲04) 98.9%
  • William Blair (▽02) 98.5%
  • Evercore (▽01) 98.2%

Total Avg Compensation

December 2022 Investment Banking

  • Director/MD (10) $613
  • Vice President (38) $392
  • Associates (220) $255
  • 2nd Year Analyst (139) $163
  • 3rd+ Year Analyst (19) $160
  • 1st Year Analyst (466) $153
  • Intern/Summer Associate (88) $151
  • Intern/Summer Analyst (337) $92