Fidelity Launches Cryptocurrency Service For All Customers
International financial services company Fidelity has opened Bitcoin and Ethereum trading, which it previously offered to a limited number of customers, to all its customers. Bitcoin and Ethereum trading offered through Fidelity Crypto allows for commission-free trading on the platform. Serving more than 40 million customers, Fidelity has outperformed its US competitors in offering crypto trading to retail customers with this move. The company is expected to hold its main launch on crypto trading in the next few weeks.
There has been intense pressure on the cryptocurrency market in the US lately. The main reason for this pressure was triggered by the collapse of Silvergate and Signature Bank, two banks that work heavily with crypto companies. Before the bankruptcy of crypto-linked companies, US regulators issued warnings to banks about their dealings with crypto companies. Accordingly, amid the increasing regulatory pressure in the USA, Fidelity did not step back and preferred to open Bitcoin and Ethereum trading on its platform for all its customers.
In a previous statement, Fidelity talked about its goal to increase its crypto portfolio after trading with the two largest cryptocurrencies of the market. In addition, the financial services company filed 3 trademark applications in the US late last year. These applications aim to provide services in the metaverse field.
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