Giant asset manager is officially letting customers buy BTC and ETH

Earlier this month, you could read that Fidelity Investments, the major US asset manager, had opened the waiting list for the mobile app called ‘Fidelity Crypto’. This app would allow individuals to trade, with $0 commission, in both bitcoin (BTC) and ether (ETH). The branch within Fidelity that focuses entirely on digital assets is Fidelity Digital Assets.

Users who signed up for the waiting list would have received an email on Monday stating that the wait is over.

Fidelity Crypto

Users who wanted to open an account were first asked to read and accept a number of disclosures, including a risk statement:

“Investing in, buying and selling digital assets involves a variety of risks that are not caused by investing in, buying and selling products in other, more traditional asset classes.”

Users were also reminded that “digital assets can fluctuate quickly and materially.” Fidelity also recently indicated that a spread of 1% will be factored into each transaction price. However, the asset manager still adheres to the $0 commission.

At Fidelity Crypto, Fidelity will also provide its customers with education on cryptocurrencies and the underlying technology of blockchain in order to provide as much support as possible to all customers.

Bitcoin for US pensions

A few weeks ago you could read in the bitcoin news that it is possible to invest in bitcoin at various American Fidelity pension funds. Some politicians often strongly criticized this move by Fidelity, but that has not stopped the asset manager from allowing it to be made possible.

Fidelity allows its employees to invest up to 20 percent of their retirement savings in BTC. The first company to use Fidelity’s pension fund is none other than Microstrategy, the largest publicly traded bitcoin holder in the world.