Fidelity Investments firm to allow bitcoin trading for retail investors

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Fidelity Investments is one of the world’s largest asset managers, with over $2 trillion in assets under management. 

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The firm has announced that it will allow retail investors to trade bitcoin on its platform.

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This is a major step forward for the cryptocurrency, as it adds legitimacy and mainstream appeal. 

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Bitcoin has been struggling to find its footing this year, with prices falling sharply from their highs in December.

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Fidelity has been working on its bitcoin trading platform for several months, and it is now live for select clients. 

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The firm plans to roll out the service to all retail investors in the coming weeks.

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Bitcoin’s price reacted positively to the news, rising 5% on the news.

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This is a major endorsement for bitcoin, and it could help to drive further adoption of the cryptocurrency. 

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However, it remains to be seen how successful Fidelity’s platform will be, as other firms have had mixed results with their own bitcoin trading services.

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Investors will need to create a separate account with Fidelity in order to trade bitcoin. The firm will charge a 1% transaction fee on all trades.

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