Fidelity Launches Commission-Free Solana Trading

Fidelity Digital Assets has added Solana trading to its crypto trading platform. Starting March 2023, Fidelity Crypto supports commission-free Solana trading with a spread of up to 1% across retail, institutional, IRA and wealth management accounts. Availability varies by state and new users must open a brokerage account. After the launch, Solana’s price rose over 5% to around $191, pushing its market cap past $104 billion and 24-hour volume above $7 billion. Analysts note SOL is consolidating between $170 and $200, with short-term support at $170–$175 and resistance at $195–$200. On weekly charts, Solana forms an ascending triangle; a break above $320–$340 could target $500. Fidelity’s move reflects growing institutional demand and further integrates blockchain into traditional finance.