Charles Schwab Launches Retail Crypto Trading for Bitcoin and Ethereum
- Schwab Crypto accounts are now available to select retail clients, allowing them to trade bitcoin and ethereum.
- Accounts are managed by Charles Schwab Premier Bank, SSB, which will custody digital assets.
- Initial trading includes educational content, research, and support services with a fee of 75 basis points per trade.
- Future plans include adding more cryptocurrencies and enabling deposits and withdrawals for existing digital assets.
- Schwab’s crypto services are not available in New York, Louisiana, U.S. territories, or international jurisdictions.
Charles Schwab has initiated the rollout of Schwab Crypto accounts for retail clients to trade bitcoin and ethereum. These accounts offer integrated educational resources and professional support at competitive pricing.
The new service is part of Schwab’s broader strategy to expand its digital asset offerings while maintaining strict eligibility criteria for account holders across various regions.(Source)
