Charles Schwab to Launch Spot Bitcoin Trading for Retail Clients
Bitcoin Magazine
Charles Schwab is launching a new platform, Schwab Crypto, enabling retail clients to trade Bitcoin and Ethereum directly alongside traditional assets.Summary
Charles Schwab is expanding its digital asset services by launching Schwab Crypto, a platform allowing retail clients to trade Bitcoin and Ethereum directly. The service will be integrated into existing Schwab platforms, with Charles Schwab Premier Bank acting as custodian and Paxos providing sub-custody and trade execution infrastructure. This move allows millions of clients to manage digital assets alongside stocks and ETFs, supported by a 75 basis point transaction fee, while leveraging the firm's existing research and customer support.
(Source：Bitcoin Magazine)