Dan Chodos states that users must open both a Fidelity brokerage account and a Fidelity Crypto account to engage in spot crypto trading on the platform.

“So you'll need a Fidelity brokerage account, which is something that you may already have if you're buying or selling stocks, equities, bonds, other instruments through the Fidelity platform that's offered by the Fidelity Brokerage Services. Once you have that brokerage account, you'll need to open ”