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$7 Trillion Fidelity Launches Crypto for IRAs For Clients to Add Crypto Assets to their Retirement Portfolio

  • Fidelity Investments launches Crypto Individual Retirement Account (IRA) for clients to invest in cryptocurrencies.
  • Fidelity offers three different IRA accounts: traditional IRA, rollover IRA, and Roth IRA, allowing clients to buy and sell Bitcoin, Ethereum, and Litecoin.
  • Fidelity charges a 1% fee for crypto buy and sell orders, but there are no fees for opening or maintaining the accounts.
  • Fidelity uses a cold storage strategy to optimize security and minimize the risk of hacking and cybercrime for its clients' crypto assets.

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