Fidelity introduces retirement accounts with minimal-fee crypto investing
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The accounts allow for buying and selling Bitcoin, Ether, and Litecoin under a 1% spread fee.
Fidelity, a financial services company with $5.9 trillion in assets under management, has introduced new retirement accounts that will allow Americans to invest in crypto nearly fee-free.
The three accounts — a tax-deferred traditional IRA and two Roth IRAs (one is a rollover) — permit the buying and selling of Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). While there are no fees to open or maintain the accounts, Fidelity charges a 1% spread on the execution price of crypto buy and sell transactions.
The crypto IRAs are offered by Fidelity Digital Assets, a subsidiary of Fidelity that has traditionally offered institutional investors the opportunity to buy and sell crypto.
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