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Can you trade OTC (over-the-counter) cryptocurrencies on Fidelity?

avatarKucing Palak itamDec 17, 2021 · 3 years ago3 answers

Is it possible to trade over-the-counter (OTC) cryptocurrencies on the Fidelity platform? I'm interested in exploring OTC trading options for cryptocurrencies, and I want to know if Fidelity offers this service. Can I buy and sell cryptocurrencies directly with other investors on Fidelity?

Can you trade OTC (over-the-counter) cryptocurrencies on Fidelity?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, you can trade OTC cryptocurrencies on Fidelity. Fidelity offers an OTC trading desk where you can buy and sell cryptocurrencies directly with other investors. This allows for larger trades and increased privacy compared to trading on traditional exchanges. To access the OTC trading desk, you may need to meet certain requirements and have a significant trading volume. Contact Fidelity's customer support for more information on how to access their OTC trading services.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Fidelity provides OTC trading services for cryptocurrencies. This allows you to trade directly with other investors, bypassing the traditional exchange order books. OTC trading is particularly useful for large trades, as it can offer better liquidity and price execution. Keep in mind that OTC trading may have different requirements and fees compared to regular exchange trading. Make sure to check Fidelity's OTC trading policies and reach out to their support team for any specific questions.
  • avatarDec 17, 2021 · 3 years ago
    Yes, you can trade OTC cryptocurrencies on Fidelity. Fidelity's OTC trading desk allows you to buy and sell cryptocurrencies directly with other investors, providing a more personalized and private trading experience. However, it's important to note that Fidelity is not the only platform offering OTC trading services. Other exchanges like Coinbase and Binance also provide OTC trading options. It's worth exploring different platforms to find the one that best suits your trading needs.