What cryptos does Fidelity offer? This is a common question for anyone interested in regulated, institutional-grade access to digital assets. As one of the world’s largest financial service providers, Fidelity’s crypto product lineup attracts both new and experienced investors. In this article, you’ll learn which cryptocurrencies Fidelity currently supports, recent changes in their offerings, and how these choices impact your investment options.
Fidelity has steadily expanded its digital asset services, focusing on security and regulatory compliance. As of June 2024, according to Fidelity Digital Assets’ official updates, the platform primarily supports Bitcoin (BTC) and Ethereum (ETH) for trading and custody. These two assets represent the largest market capitalization in the crypto sector, making them the most widely adopted and liquid options for institutional and retail clients alike.
Fidelity’s approach is conservative, prioritizing assets with robust security, high liquidity, and clear regulatory status. This means that, unlike some crypto exchanges, you won’t find a long list of altcoins or meme tokens. Instead, Fidelity focuses on the most established cryptocurrencies to ensure safety and compliance for its users.
In recent months, the crypto market has seen a surge in institutional interest, especially following the approval of spot Bitcoin ETFs in the United States. As of June 2024, Fidelity’s Wise Origin Bitcoin Fund (FBTC) ranks among the top three spot Bitcoin ETFs by assets under management, with daily trading volumes exceeding $500 million (Source: Bloomberg, 2024-06-10). This highlights the growing demand for regulated crypto investment products.
Fidelity has also signaled openness to expanding its crypto offerings in the future. However, any additions will be subject to rigorous due diligence, security assessments, and regulatory review. For now, Bitcoin and Ethereum remain the core focus, reflecting industry trends where these assets dominate institutional portfolios.
Security is a top priority for Fidelity. The company employs institutional-grade cold storage, multi-layer authentication, and regular audits to protect client assets. No major security breaches have been reported on Fidelity’s crypto platform as of June 2024, reinforcing its reputation for reliability.
Fees are transparent and competitive. For example, Fidelity charges a 1% transaction fee for crypto trades, with no additional custody fees for holding assets. This structure appeals to both individual and institutional investors seeking cost-effective exposure to digital assets.
Accessibility is also improving. Fidelity’s crypto services are available to U.S. residents through Fidelity Crypto and Fidelity Digital Assets, with plans to expand access as regulatory clarity increases. However, users should note that crypto trading is not available in all states due to local regulations.
One common misconception is that Fidelity offers a wide range of cryptocurrencies like some retail exchanges. In reality, the platform’s focus on Bitcoin and Ethereum is a deliberate choice to ensure compliance and security. Users looking for broader altcoin exposure may need to explore other platforms, but should always prioritize regulated and reputable providers.
For those new to crypto, starting with Bitcoin and Ethereum is often recommended due to their market dominance and established track records. Always enable two-factor authentication, use strong passwords, and regularly review your account security settings.
Fidelity continues to monitor the evolving crypto landscape. While no official announcements have been made regarding support for additional cryptocurrencies, industry analysts expect that future offerings will depend on regulatory developments and client demand.
For users seeking a broader range of digital assets, platforms like Bitget offer access to hundreds of cryptocurrencies with advanced trading features and robust security. Bitget also provides a secure Web3 wallet, making it easy to manage and trade a diverse portfolio of digital assets.
Ready to explore more crypto opportunities? Discover how Bitget’s comprehensive platform can help you access the latest digital assets securely and efficiently.