Charles Schwab begins rollout of spot bitcoin, ethereum trading platform
The Block
Charles Schwab has launched its crypto trading platform, allowing retail clients to trade spot bitcoin and ethereum directly.Summary
Charles Schwab has initiated the rollout of its new "Schwab Crypto" platform, providing retail clients with direct access to spot bitcoin and ethereum. The service, which charges a fee of 75 basis points per transaction, operates through Charles Schwab Premier Bank with infrastructure support from Paxos. While this marks a significant expansion beyond existing ETF-based crypto offerings, initial features are restricted; users cannot currently deposit or withdraw digital assets, and the service is not yet available in New York or Louisiana. Schwab plans to add more assets and capabilities in future updates.
(Source：The Block)