#Fidelity, one of the world's largest #brokerages, is releasing a product for retail investors that lets them trade #cryptocurrencies without paying any fees.
The platform will make money by factoring a 1% spread into every trade execution price.
@CNBC
cnbc.com/2022/11/03/fidelity-to-open-commission-free-crypto-trading-to-retail-investors.html
The idea is that #FidelityCrypto will allow investors to buy and sell #bitcoin and #ether.
It will also provide custodial services to users.
Ok, so what?
It's another example of an established institution, not some fly-by-night that nobody has ever heard of, embracing #bitcoin and #ether.
Will it come to much? Probably not....
...But it does send a clear message that #crypto is legit and deserves its place alongside other asset classes.
#Fidelity is not alone when it comes to consumer brands embracing #bitcoin, #NFTs, #blockchain and #virtualreality
I've tracked 250 organisations & built an A to Z...
twitter.com/rickhuckstep/status/1587776579752497152?s=61&t=4uJMIFpnL3ZTDLIMSrNdqw
To find out more real life use cases in #web3 and the #metaverse, check this out
rickhuckstep.com/brandstrategy
#NFT #blockchain #crypto #virtualreality #augmentedreality #ar #vr #metaverse
PS: I wrote this thread with @typefully.
typefully.com?via=wiser
Rick Huckstep
@rickhuckstep
Making Sense Of Disruptive Technologies & The Tech Economy | 🗣 Speaker | 📖 Writer | 🎙 Podcaster | 👨👩👧👦 Community