Fidelity Adds Solana (SOL) Trading on All Platforms
Fidelity has added Solana (SOL) trading across its retail and institutional platforms, including Fidelity Crypto, Fidelity Crypto IRA, Fidelity Crypto for Wealth Managers and Fidelity Digital Assets. The integration simplifies access to SOL for retail, IRA accounts, wealth managers and institutional clients. SOL’s market cap now exceeds $104 billion, ranking it the sixth-largest cryptocurrency. In October, cross-chain Tether USDT and Tether Gold (XAUT) launched on Solana, boosting its role as a liquidity hub for tokenized real-world assets such as stocks, stablecoins and gold. This move aligns with regulatory calls from the SEC and CFTC for 24/7 trading. Fidelity’s support for Solana trading underscores the convergence of traditional finance and digital assets, likely driving deeper liquidity, increased SOL demand and improved market depth for traders.
Bullish
This news is bullish for SOL as Fidelity’s support expands access for retail, IRA and institutional investors, likely boosting trading volume and demand in the short term. The integration across major platforms, combined with the network’s enhancements like cross-chain Tether USDT and XAUT, improves liquidity and market depth. In the long term, increased regulatory alignment towards 24/7 trading and deeper linkages between traditional finance and Solana’s ecosystem could sustain SOL adoption and price stability.