Fidelity Unlocks Solana, Adds Crypto Asset To Trading and Custody Platform

By Daily Hodl Staff

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.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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