Fidelity Embraces Solana, Allowing Clients to Trade SOL
Crypto/Finance
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Fidelity Embraces Solana, Allowing Clients to Trade SOL

Fidelity has introduced the Solana token to its trading platform, signaling a significant move as institutional interest in the blockchain grows.

Fidelity, a major player in the financial services sector, has officially integrated Solana’s native token, SOL, into its trading services. This allows both retail and institutional clients to buy, sell, and trade SOL across several Fidelity platforms, including Fidelity Crypto and Fidelity Digital Assets.

The firm highlighted this move as part of its ongoing commitment to expand the infrastructure and offerings related to digital assets, with aims to bridge the gap between traditional and digital finance.

“The addition of Solana is a continuation of Fidelity’s decade-plus effort to develop the infrastructure, products, and educational resources for digital assets consistent with the solutions we provide for traditional asset classes.”

With Solana’s market cap exceeding $104 billion, it currently ranks as the sixth-largest cryptocurrency. Developers envision Solana becoming a major player in the realm of internet capital markets, competing directly with established financial institutions.

Additionally, recent developments include the introduction of tokenized real-world assets on Solana, such as Tether’s USDt and Tether Gold. This could potentially transform the network into a vital hub for decentralized finance (DeFi), which emphasizes transparency and efficiency in trading.

On a parallel note, there are emerging discussions around revising the US financial system to enable 24/7 trading, a move reflecting the needs of a global economy that never sleeps.

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