What are the advantages and disadvantages of fidelity's short-term trading fee for cryptocurrency investors?

1 answers

• Dec 15, 2021 · 3 years ago
  As a representative of BYDFi, I can say that Fidelity's short-term trading fee is designed to promote a more disciplined and long-term investment approach among cryptocurrency investors. This fee discourages frequent trading and encourages investors to hold onto their investments for a longer period of time. By doing so, it aims to reduce market volatility and promote stability in the cryptocurrency market. While this fee may not be suitable for active traders who rely on short-term price movements, it can be beneficial for long-term investors who prioritize stability and potential long-term gains. However, it's important for investors to carefully consider their own trading strategies and goals before deciding whether this fee is advantageous for them.
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