Fidelity Crypto quietly went live, giving millions of retail customers access to bitcoin, ether

Quick Take

  • Fidelity Crypto finally is open to the public, giving millions of users access to bitcoin and ether investments. 
  • The firm’s retail product was previously available to users only via a waitlist. All waitlist users now have access.
  • Bitcoin and ether transactions on the app are commission free. Fidelity Digital Assets will collect a spread of no more than 1%. 

Fidelity Digital Assets quietly opened access to Fidelity Crypto for the masses recently.

Millions of users can now trade bitcoin and ether commission-free on the platform. The app was previously restricted to a waitlist, with users given access on a rolling basis. Fidelity Crypto is open to new and existing customers — first-time customers must create a Fidelity Brokerage account during the setup process. The service is not available in all states.

Bitcoin and ether are the two assets users can trade right now, and trading is commission-free. The firm will charge a spread of no more than 1%. Withdrawals haven't yet been enabled on the platform. 

Fidelity, which 37.1 million total retail accounts, has acted sooner than most of its peers in the U.S. in offering crypto to retail clients. The full launch happened over the past few weeks, according to sources with knowledge of the matter.


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The launch coincided with an increasingly hot regulatory environment in the U.S. and the collapse of two of crypto's biggest banking partners, Silvergate and Signature Bank. 

The investment manager filed three U.S. trademark applications at the end of 2022. The applications included providing services in the metaverse and other virtual worlds. 

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Authors

Adam Morgan is a reporter covering cryptocurrency, financial markets, and economics – anything from price movements, earnings reports, and inflation to the U.S. Federal Reserve interest rate decisions and everything in between. Adam is based in London.
Frank Chaparro is the Editor At Large at The Block. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. He runs his own podcast The Scoop and writes a biweekly eponymous newsletter. He leads special projects, including The Block's flagship podcast, The Scoop. Prior to The Block, he held roles at Business Insider, NPR, and Nasdaq. For inquiries or tips, email [email protected].


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