Charles Schwab Expands Cryptocurrency Trading Services
- Charles Schwab opened bitcoin and ether trading to eligible retail clients on Oct. 15.
- CEO Rick Wurster identified Schwab Crypto as a new source of transaction-based revenue.
- Schwab plans to add avalanche, chainlink, and solana before the end of 2026.
- The brokerage manages $13.33 trillion in client assets with over 40 million active accounts.
- Schwab’s crypto service includes a trading fee of 0.75% with transactions starting at $1.
Charles Schwab has expanded its cryptocurrency services by opening direct trading for bitcoin and ether to millions of eligible investors, marking a significant step in integrating digital assets into its vast brokerage operations.
This move positions Schwab as a competitive player in the crypto market, leveraging its extensive client base and financial resources to potentially generate new revenue streams from transaction-based services. (Source )
