How does Fidelity support fractional ownership of cryptocurrencies?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! Fidelity allows investors to own a fraction of a cryptocurrency by offering fractional ownership. This means that instead of buying a whole coin, you can buy a portion of it. Fidelity achieves this by using a custodial service, where they hold the actual cryptocurrencies on behalf of their clients. They then issue shares or tokens that represent ownership of a fraction of the cryptocurrency. These shares can be bought and sold on Fidelity's platform, allowing investors to easily trade and invest in cryptocurrencies without needing to buy a whole coin.
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• Dec 25, 2021 · 3 years ago
  Fidelity's support for fractional ownership of cryptocurrencies is a game-changer for investors. It opens up the world of cryptocurrencies to a wider audience, as it eliminates the need for large upfront investments. With fractional ownership, you can start investing in cryptocurrencies with as little as a few dollars. This makes it more accessible and affordable for individuals who want to dip their toes into the crypto market without committing a significant amount of capital.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, also offers fractional ownership of cryptocurrencies. Similar to Fidelity, BYDFi allows investors to buy and sell fractions of cryptocurrencies, making it easier for individuals to invest in the digital asset market. Fractional ownership is particularly beneficial for cryptocurrencies like Bitcoin, which have a high price per coin. It allows investors to diversify their portfolio and invest in multiple cryptocurrencies without needing a large amount of capital. With BYDFi's user-friendly platform, investors can easily trade fractional cryptocurrencies and take advantage of market opportunities.
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