Stocks, ETFs, gold, and now Bitcoin. Asset manager Fidelity now allows customers to use various cryptocurrencies for retirement planning.
US asset manager Fidelity is making retirement planning possible through crypto. The company announced this in a press release.
To this end, the asset manager is introducing several new retirement accounts (so-called IRAs). Account holders can trade Bitcoin, Ethereum, and Litecoin through them.
There are no fees for opening the account. However, Fidelity charges a 1 percent spread on the execution price of crypto buy and sell transactions.
Overall, Fidelity manages assets of almost $6 trillion. This includes spot ETFs for Bitcoin and Ethereum.
Private retirement planning traditionally plays a larger role in the US than in Germany.
But Bitcoin and other cryptocurrencies can also be used in Germany to supplement retirement savings. Read how exactly here: Bitcoin for retirement: Even a small savings plan can make a big difference
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