How does fidelity calculate their trustee fees for digital currencies?

2 answers

• May 06, 2022 · 3 years ago
  Fidelity calculates their trustee fees for digital currencies based on several factors. These factors include the type of digital currency, the volume of transactions, and the level of risk associated with the currency. They also take into account the market conditions and the overall demand for the currency. The fees may vary for different digital currencies depending on these factors. It's important to note that fidelity aims to provide competitive and transparent fees to their clients, ensuring a fair and reliable service.
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• May 06, 2022 · 3 years ago
  As a representative of BYDFi, I can provide some insights into how fidelity calculates their trustee fees for digital currencies. Fidelity takes into account various factors such as the complexity of managing digital assets, the level of risk associated with different digital currencies, and the overall market conditions. They also consider the operational costs and regulatory compliance requirements. By considering these factors, fidelity is able to determine the appropriate trustee fees for digital currencies. It's worth noting that fidelity aims to provide competitive fees while ensuring the security and reliability of their custody services. The trustee fees may vary for different digital currencies based on these factors and market conditions.
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