Fidelity has entered the crypto market with a commission-free crypto trading platform

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Fidelity Investments, a company considered to be one of the largest asset management companies in the world, has announced its entry into the cryptocurrency platform by integrating the fee-free trading mechanism for retail clients.

source: www.wazirx.com

The company will be the third company in the United States after RobinHood and Binance to integrate this type of cryptocurrency platform for all of its retail customers in the cryptocurrency market.

What is Loyalty?

Fidelity is a multinational financial services company headquartered in Boston, USA. The company works in various sectors such as company offering financial services, asset management company, brokerage company, mutual fund company, wealth management company and index fund companies. According to December 2021 records, consolidating all operations, the company has a total of $11.8 trillion in assets under management.

The company is also considered the largest asset management company in the world. The company began operations as a management and research organization in 1946. Given the hype of cryptocurrency in the 21st century. In April this year, the company announced that it would be working on investment options in cryptocurrency investment options like bitcoins.

As part of these announcements, the company has now announced the zero-zero cryptocurrency trading wallet and trading platform for all its retail investors.

What is Free Trading?

Generally on any type of investment options like stocks or bonds or futures transactions. The organization that offers these investment options through their platforms changes some fees for each transaction made by traders.

Fidelity entered the crypto market with the commission-free crypto trading platform

source: supercryptonews.com

This is not the case in fee-free trading, which means that there will be no brokerage or platform fees on any individual orders placed by retail traders. fee-free trading is considered a profitable mechanism for retail clients.

What is Goldman Sachs doing to normalize the crypto market?

Golden Sachs, considered one of the leading investment banks in these three cryptocurrency exchanges, is working to normalize the crypto market. Goldman Sachs will work on this process with the help of a Data Services Center to be developed by global index service provider organization MPCI with data provider company Coin Metrics.

The integrated work of these two companies will be able to showcase the systematic categorization of hundreds of digital coins and tokens. This will help the investor to systematically understand the asset class of these investments.

Goldman Sachs wants to put in place the mechanism where the company can systematically discuss investments and monitor those digital investments for the company and other investors.

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