Fidelity Digital Assets announced today that it has launched trading and transaction support for Solana (SOL), expanding its asset offering on its cryptocurrency platforms beyond Bitcoin, Ethereum, and Litecoin.
This support includes Fidelity Crypto for individual investors, Fidelity Crypto for IRAs for retirement accounts, Fidelity Crypto for Wealth Managers for asset managers, and the institutional trading platform.
Fidelity Crypto quietly launched in March 2023, providing millions of US users with access to Bitcoin and Ethereum investments. Litecoin support was later added. While crypto transactions made through the app are commission-free, Fidelity Digital Assets charges a spread of up to 1% per trade.
The platform is open to both existing and new clients. However, first-time users must create a Fidelity Brokerage account. The service is not yet available in all US states.
Fidelity Investments is known as one of the earliest movers in the crypto space among traditional asset management firms. The company mined Bitcoin years ago and regularly published research on digital assets.
*This is not investment advice.
