Fidelity has decided to include only BTC, Ethereum, and LTC, reflecting its focus on mature assets with relatively high market capitalization and liquidity.

Source: cryptoslate

Translation: Blockchain Knight

Fidelity Investments will launch a zero-fee retirement plan that will provide investors with access to the three major crypto assets, including BTC, Ethereum, and LTC.

U.S. citizens residing in states that support Fidelity Digital Assets' crypto Individual Retirement Accounts (IRAs) and who are at least 18 years old can participate in this service. The asset management company offers three different IRA plans.

The first plan is a tax-free Roth IRA, which allows investors to save for retirement using after-tax funds, while the second is a more "traditional" IRA that allows potential earnings to grow with tax deferral.

The third plan is a Rollover IRA, which allows investors to transfer funds from a former employer's plan into an IRA, such as a 401(k), 403(b), or another IRA.

To open a Fidelity Crypto IRA, investors must also hold a Fidelity brokerage IRA of the same registration type as the funding account.

Users can transfer funds from the associated brokerage IRA to the Crypto IRA for trading. If an individual does not already hold an eligible Fidelity brokerage IRA, the company will open one simultaneously when setting up the Crypto IRA.

Additionally, Fidelity has decided to include only BTC, Ethereum, and LTC, reflecting its focus on mature assets with relatively high market capitalization and liquidity.

According to the company, there will be no fees charged to customers for opening and maintaining a Fidelity Crypto IRA, as well as for the associated digital asset custody services.

However, Fidelity Digital Assets will apply a 1% spread fee on buy and sell orders. The spread refers to the difference between the price received by the customer and the price at which Fidelity Digital Assets acquires the asset to complete the order.

This service allows users to retain familiar features from traditional Fidelity retirement accounts, including beneficiary management.

The designated beneficiaries of the Fidelity Crypto IRA will be consistent with the beneficiaries set up on the user's associated brokerage IRA. Customers can change beneficiaries through the brokerage IRA platform.

This move is the latest initiative from Fidelity Digital Assets, which focuses on crypto asset custody, trading, and management.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。