How does fidelity handle fractional shares in the context of cryptocurrencies?

3 answers

• sindanerJun 14, 2024 · a year ago
  Fidelity handles fractional shares in the context of cryptocurrencies by allowing investors to purchase and own a fraction of a cryptocurrency. This means that investors can buy a portion of a Bitcoin or any other cryptocurrency, even if they don't have enough funds to buy a whole coin. Fidelity's platform calculates the value of the fractional share based on the current market price of the cryptocurrency. This allows investors to have exposure to cryptocurrencies without having to invest a large amount of money. It's a convenient way for investors to diversify their portfolio and participate in the cryptocurrency market.
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• Joseph KakongeJan 11, 2024 · 2 years ago
  When it comes to fractional shares in the context of cryptocurrencies, Fidelity has implemented a system that allows investors to buy and sell fractions of cryptocurrencies. This means that you can invest in a specific dollar amount of a cryptocurrency, rather than having to buy a whole coin. Fidelity's platform handles the fractional ownership by keeping track of the ownership percentage and the corresponding value of the fraction. This allows investors to have more flexibility in their investments and take advantage of the potential growth of cryptocurrencies, even with a smaller budget.
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• Gaurav KelwadkarJun 21, 2020 · 5 years ago
  As a traditional financial institution, Fidelity recognizes the growing interest in cryptocurrencies and the need for fractional ownership. Fidelity's platform allows investors to buy and sell fractional shares of cryptocurrencies, making it accessible to a wider range of investors. This approach is in line with Fidelity's commitment to providing diverse investment options and catering to the evolving needs of its clients. By offering fractional shares, Fidelity enables investors to participate in the cryptocurrency market without the need for a large upfront investment, making it more inclusive and convenient for investors of all sizes.
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