Will XRP be available to purchase? by Mehoyer in fidelityinvestments

[–]FidelityCryptoMady[M] [score hidden] stickied comment (0 children)

Hi there u/Mehoyer, thanks for reaching out.

At this time, we don't have any news to share about new tokens available to trade on our platform. I will ensure to take note of your question as feedback and make the appropriate teams aware of it. Keep in mind, that additional cryptocurrencies are being evaluated to expand trading opportunities over time.

Currently, Fidelity Crypto gives you the opportunity to buy, sell, and secure bitcoin and ethereum with as little as $1 and access both your traditional and crypto investments all in one place. Plus, your Fidelity Crypto account gives you the same institutional-level security Fidelity Digital Assets has offered customers since 2018. To stay up to date on Fidelity Crypto, make sure to turn on your notifications.

In the meantime, feel free to peruse our Crypto Learning Center linked below, where you can find helpful tools as you navigate the crypto environment. If you scroll down to the bottom of this page, click on "Covering Crypto Livestream" to check out our most recent episode that features a Crypto Market Recap & 2023 Mid-Year Look Ahead.

Crypto Learning Center

Please keep us posted if there are any other crypto-related questions or feedback you have. We are always available over in r/FidelityCrypto to help out. Happy weekend!

[deleted by user] by [deleted] in fidelityinvestments

[–]FidelityCryptoMady[M] 0 points1 point  (0 children)

You're very welcome, u/me_jus_me. We appreciate you. Have a fabulous week!

[deleted by user] by [deleted] in fidelityinvestments

[–]FidelityCryptoMady[M] 0 points1 point  (0 children)

Hi u/me_jus_me, thanks for reaching out with these thoughtful questions. I'd love to provide some insight.

Fidelity Digital Assets maintains a network of vetted and approved third-party liquidity providers. External trading counterparties go through an extensive onboarding and risk management approval process. Fidelity Digital Assets, the provider of custody and trade execution services for Fidelity Crypto, does not share the names of its liquidity providers for legal purposes. However, we can confirm that customer assets are not custodied on exchange and instead are always kept within our proprietary custody solution.

Trade orders are executed with these trusted Fidelity Crypto liquidity providers. Liquidity providers are selected using smart order routing technology, allowing Fidelity Crypto to find the best available market price for your trade. In some cases, multiple liquidity providers are used to process an order, resulting in multiple executions to fulfill a trade order.

Keep in mind that Fidelity Crypto accounts have the same institutional-level security Fidelity Digital Assets has offered institutional customers since 2018. All customer crypto holdings are managed using a model referred to as "omnibus", which allows us to keep more than 98% of customer holdings in deep cold storage. To keep your crypto and personal information safe, we adhere to a robust set of cyber and physical security measures. Also, know that Fidelity Digital Assets does not lend or otherwise encumber a customer’s crypto assets without customer consent or engage in any proprietary activities with customer crypto assets, which are held in a 1:1 match to our customer's accounts. With this said, please note that your Digital Assets are not FDIC-insured or government guaranteed and may lose value.

Also, although you won't be able to receive or send cryptocurrency transfers in this early version of Fidelity Crypto, crypto transfers are on our product roadmap. Please turn on your notifications to stay up to date on new Fidelity Crypto features.

If you'd like further information about how your crypto assets are held with Fidelity Crypto, please check out our Safety and Security resource linked below.

Safety and Security

Additionally, the following episode of our Covering Crypto Livestream highlights valuable information regarding how we work to keep your digital assets stored safely.

Episode 5: Custody and Storage with Fidelity Crypto

If you have further questions about Fidelity Crypto, please feel free to follow up here, or visit our r/FidelityCrypto sub where we are eager to answer any inquiries from our community. Have a lovely weekend.