How does fidelity ensure the safety of digital assets with FDIC insurance?

3 answers

• iazaMay 30, 2021 · 4 years ago
  Fidelity ensures the safety of digital assets by leveraging FDIC insurance. FDIC insurance provides coverage for deposits held in traditional bank accounts, and Fidelity has extended this coverage to include digital assets held in their custody. This means that if there is a loss of digital assets due to theft or other covered events, Fidelity's customers may be eligible for reimbursement up to the limits provided by the FDIC. It's an added layer of protection that gives customers peace of mind when storing their digital assets with Fidelity.
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• JamalApr 20, 2023 · 2 years ago
  Fidelity takes the safety of digital assets seriously, and one way they ensure this is by offering FDIC insurance. FDIC insurance is a government-backed program that provides protection for deposits in traditional bank accounts. Fidelity has extended this coverage to include digital assets, so if there is a loss of digital assets due to theft or other covered events, customers may be eligible for reimbursement up to the limits provided by the FDIC. It's a smart move by Fidelity to provide this extra level of security for their customers.
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• Kurdistann34Apr 03, 2024 · a year ago
  When it comes to the safety of digital assets, Fidelity has implemented a robust security system that includes FDIC insurance. FDIC insurance is a program that protects deposits in traditional bank accounts, and Fidelity has extended this coverage to include digital assets. This means that if there is a loss of digital assets due to theft or other covered events, Fidelity's customers may be eligible for reimbursement up to the limits provided by the FDIC. It's a great way for Fidelity to ensure the safety of their customers' digital assets.
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