How does fidelity protect its customers' cryptocurrency investments with SIPC insurance?

3 answers

• Apr 30, 2022 · 3 years ago
  Fidelity protects its customers' cryptocurrency investments with SIPC insurance by providing coverage for up to $500,000 per customer, including $250,000 for cash. This means that in the event of a brokerage firm failure, customers' cryptocurrency holdings are protected up to the specified limits. It's important to note that SIPC insurance does not cover losses due to market fluctuations or investment performance.
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• Apr 30, 2022 · 3 years ago
  Fidelity takes the security of its customers' cryptocurrency investments seriously. By leveraging SIPC insurance, Fidelity provides an additional layer of protection in the event of a brokerage firm failure. This insurance coverage helps ensure that customers' assets are safeguarded up to the specified limits, providing peace of mind for investors.
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• Apr 30, 2022 · 3 years ago
  As a third-party digital asset exchange, BYDFi partners with fidelity to offer SIPC insurance coverage for its customers' cryptocurrency investments. This means that BYDFi customers can enjoy the same level of protection as fidelity customers. SIPC insurance is an important safeguard that helps protect investors' assets in the event of unforeseen circumstances.
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