As the banking sector continues to struggle amid the ongoing financial crisis, banking giants are now embracing crypto more than ever.

According to a recent announcement by Fidelity Investments, Fidelity customers can now purchase Bitcoin through the broker, although the customers will not be able to withdraw the crypto to a self-custody wallet.

Fidelity Investments’ crypto platform was unveiled in November 2022 and at the time of launch, it was only available to a handful of customers until yesterday when it was made public.

While trading, traders (customers) will not be charged a “fee” but a 1% spread, which is defined by the bank as “the difference between the price at which you buy or sell crypto in your Fidelity Crypto account and the price at which Fidelity Digital Assets fills your order.”

However, this trading will be available to US people who are over the age of 18 in the US states in which the trading service is available.

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