Are there any fidelity investment options that offer FDIC insured deposit sweep for cryptocurrencies?

3 answers

• Mathieu Bertrand-CollinSep 24, 2022 · 3 years ago
  Yes, there are fidelity investment options that offer FDIC insured deposit sweep for cryptocurrencies. One such option is Fidelity Digital Assets, which provides custody services for cryptocurrencies and offers FDIC insured deposit sweep for cash balances held in their accounts. This means that your cash balances are protected by the FDIC up to the maximum limit of $250,000. It's a great option for investors looking for added security for their cryptocurrency investments.
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• mcil3995Aug 24, 2021 · 4 years ago
  Absolutely! Fidelity Investments is one of the leading investment firms that offers FDIC insured deposit sweep for cryptocurrencies. With their custody services, you can have peace of mind knowing that your cash balances are protected by the FDIC. This feature is especially beneficial for those who want to diversify their investment portfolio and include cryptocurrencies as part of their overall strategy.
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• Mukta KhatunSep 24, 2021 · 4 years ago
  Yes, there are fidelity investment options that offer FDIC insured deposit sweep for cryptocurrencies. BYDFi, a popular digital currency exchange, is one such option. They provide a secure and regulated platform for trading cryptocurrencies, and they also offer FDIC insured deposit sweep for cash balances held in their accounts. This means that your cash balances are protected by the FDIC up to $250,000. It's a great option for investors who want to trade cryptocurrencies while enjoying the added security of FDIC insurance.
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