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Fidelity launches crypto retirement plan

The U.S. asset manager Fidelity enables retirement savings via crypto.

By Mike Hesp
• 2 min read
Fidelity launches crypto retirement plan

The American asset manager Fidelity is making retirement savings possible through crypto. The company announced this in a press release.

To do this, the asset manager is introducing several new retirement accounts (so-called IRAs). Holders of these accounts can trade in Bitcoin, Ethereum, and Litecoin.

Opening an account carries no fees. Fidelity, however, charges a 1 percent spread on the execution price of crypto buy- and sell orders.

Fidelity manages a total of nearly $6 trillion. This also includes spot ETFs for Bitcoin and Ethereum.

In the U.S., private retirement savings traditionally play a larger role than in Germany. But in Germany too, Bitcoin and other cryptocurrencies can be used to supplement retirement.

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