Fidelity Digital Assets now offers Bitcoin trading to Fidelity Investments customers. The public can now access the Fidelity Crypto platform, which first launched with a waitlist in November 2022.

Customers can purchase and trade Bitcoin, but will not be able to transfer funds to a wallet where they have control over their private keys (a self-custody wallet). An option for withdrawing funds in the future was mentioned, but no further information or a timeline have been provided.

Customers who trade with Fidelity will not be charged a “fee,” but rather a 1% spread, which is the difference between the price at which you purchase or sell Bitcoin in your Fidelity account and the price at which Fidelity Digital Assets fills your transaction. 

Only U.S. residents who are 18 years or older in qualified states will be permitted to trade Bitcoin on Fidelity’s platform.

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