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.
You may also like
Bitcoin News Update: Bitcoin's Recent Decline: Can Institutional Investors Help Steady the Market or Intensify the Slump?
- Bitcoin's price drop below $85,000 has intensified debates as long-term holders offload over 400,000 BTC, per economist Peter Schiff's warning about "weak hands" deepening selloffs. - High-profile exits like Owen Gunden's $1.3B BTC liquidation highlight profit-taking by OGs, while institutions via ETFs have absorbed 2.39M BTC since 2024, per Ark Invest. - Market fragility worsens as gamma exposure forces dealers to sell near $85,000 support, but institutional demand could stabilize prices if buying conti
YFI Value Drops 4.78% Over the Past Week as Market Fluctuations Continue
- YFI rose 0.1% in 24 hours but fell 4.78% in seven days, with 14.2% monthly and 50% annual declines. - Price movements reflect broader market instability, not project-specific updates or governance changes in Yearn.finance. - Analysts predict YFI remains sensitive to macroeconomic trends and global investor sentiment in the near term. - Token consolidation continues without fundamental shifts, urging investors to monitor on-chain metrics and protocol updates.
Bitcoin News Today: Bitcoin Drops to $90K—Is This a Prime Buying Chance or the Start of a Deeper Downturn?
- Bitcoin fell below $90,000, pushing 70% of active capital into losses and erasing $120B in market value. - Short-term holders face >30% drawdowns, with fear metrics hitting 2-year lows as $1.9B in leveraged positions liquidated. - Analysts cite historical rebounds after extreme fear, but MicroStrategy's leveraged holdings risk further selling if prices drop. - Institutional actions and Fed policy uncertainty remain key factors, though oversold indicators suggest potential 40% near-term rebound.
Coast Guard Strengthens Prohibition of Hate Symbols to Combat Antisemitism and Extremist Activity
- U.S. Coast Guard reversed a policy to reclassify hate symbols like swastikas and nooses from "potentially divisive" to prohibited, following backlash from lawmakers and advocacy groups over antisemitism risks. - The reversal came after a leaked draft proposal aligned with Trump-era Pentagon directives, which critics argued weakened harassment definitions and accountability for hate incidents. - Coast Guard reaffirmed strict prohibitions on divisive symbols, emphasizing severe punishment for violations, b
Trending news
MoreCrypto prices
More
