Wealthy Horizons

Fidelity Introduces Retirement Accounts with Minimal-Fee Crypto Investing

Fidelity Investments, one of the largest financial services companies in the United States, has announced the launch of retirement accounts that allow customers to invest in cryptocurrencies with minimal fees.

The new accounts, called Fidelity Crypto Retirement Accounts, are designed to provide individuals with a tax-advantaged way to invest in cryptocurrencies, such as Bitcoin and Ethereum, for their retirement. The accounts are available to customers of all ages and income levels, and do not require a minimum balance to open.

"We're excited to offer our customers the opportunity to invest in cryptocurrencies for their retirement," said Abigail P. Johnson, Fidelity's CEO. "We believe that this new product will provide individuals with a way to diversify their retirement portfolios and potentially earn higher returns."

The Fidelity Crypto Retirement Accounts have a low fee structure, with a management fee of just 0.15% per year. This is significantly lower than many other cryptocurrency investment products on the market, which often charge management fees of 1% or more.

The accounts are available in a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Customers can also choose to invest in a diversified portfolio of cryptocurrencies, which is managed by Fidelity's investment team.

Fidelity has been a pioneer in the development of cryptocurrency investment products, and has been offering cryptocurrency trading services to its customers since 2018. The company has also been a strong advocate for the use of blockchain technology in financial services, and has been working with other companies to develop new blockchain-based products and services.

The Fidelity Crypto Retirement Accounts are available now, and can be opened online or through a financial advisor. For more information, please visit Fidelity's website.