Loyalty Releases Retail Crypto Trading Access | ThinkAdvisor

Trustee confirmed on Tuesday that it will offer its crypto trading services to qualified investors as it moves groups of customers off its early access list in the coming weeks.

“Our clients are investing more than ever before and Fidelity’s focus is on providing tools that support their choices and facilitate safe market access,” a Fidelity spokesperson said.

The Block reported Monday that Fidelity has begun opening crypto retail accounts.

Unlike Fidelity’s crypto accounts, the company this fall began allowing employers to continue offering bitcoins in their sponsored 401(k) plans. Lawmakers and regulators have raised concerns about Fidelity’s move to allow bitcoin in retirement accounts; Senators recently renewed calls for Fidelity to reconsider after the collapse of cryptocurrency exchange FTX.

Fidelity’s website notes that customers can trade crypto for $1: “Crypto is highly volatile, can become illiquid at any time and is for high-risk investors. Investors in crypto may lose the entire value of their investment.

Fidelity Crypto trades offered through Fidelity Digital Assets are commission-free; A 1% spread is calculated into the transaction values, the company said.

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