Fidelity Unlocks Solana, Adds Crypto Asset To Trading and Custody Platform
The $5.8 trillion asset giant Fidelity just launched Solana ( SOL ) trading and custody services on its platform.
The move opens direct buy, sell and hold options for millions of US clients.
Solana now joins Fidelity’s original lineup of Bitcoin, Ethereum and Litecoin, allowing everyday users to trade the smart contract token via the Fidelity app and website, right next to stocks and ETFs.
There are zero commissions to trade, although a 1% spread covers costs.
IRAs can now get in as well, and retirees can now stash SOL in Fidelity’s tax-advantaged accounts, which launched in April of this year.
Fidelity is an early supporter of Bitcoin, and began mining the crypto asset back in 2015.
The firm is also a spot crypto ETF pioneer, with $22 billion in Bitcoin funds and $3 billion in Ethereum.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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