Charles Schwab launches spot BTC, ETH trading to select retail clients
The Block
Charles Schwab has launched its "Schwab Crypto" platform, allowing select retail clients to trade spot bitcoin and ether with custodial support from Paxos.Summary
Charles Schwab has officially launched "Schwab Crypto," a new trading platform enabling select retail clients to trade spot bitcoin (BTC) and ether (ETH) directly. This expansion moves beyond the firm's previous reliance on indirect crypto exposure via ETFs and derivatives. The platform utilizes Charles Schwab Premier Bank for custody, while blockchain infrastructure provider Paxos manages trade execution. The service carries a 75-basis-point fee per trade and is currently unavailable to residents of New York and Louisiana.
(Source：The Block)