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.