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25 sats \ 3 replies \ @thebtctoto 28 Nov 2022 \ parent \ on: Fidelity Begins Opening Retail Bitcoin Trading Accounts bitcoin
Is there any indication they plan to allow withdrawals? Or is this gonma be like a venmo-style 'buy bitcoin' program?
It's probably just them holding a ton of GBTC or BITO, meaning they don't have any actual bitcoin to withdraw.
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Thanks for reaching out to us here on Twitter. In this early version of Fidelity Crypto, you won't be able to send or receive cryptocurrency. But, we're exploring cryptocurrency transfers in the future. Turn on your notifications to receive updates.
We are currently operating within a managed custody model. Our goal is to provide a secure and simple solution for those looking to buy crypto. As a trusted custodian, Fidelity Digital Assets manages the private keys for accessing any crypto you purchase.
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Then this 'development' means nothing, unfortunately.
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