Summary
- Charles Schwab has officially launched Schwab Crypto, a spot trading platform for Bitcoin (BTC) and Ether (ETH) for retail investors.
- Users can now trade Bitcoin and Ether directly, in addition to crypto exchange-traded funds (ETFs) and derivatives already available through the firm.
- Trading fees are set at 75bp (0.75%%) per transaction, and the service is available in most parts of the US, excluding New York and Louisiana.
Forecast Trend Report by Period
Charles Schwab has officially launched Schwab Crypto, a digital-asset trading platform for retail investors.
The Block reported on May 13 that the US financial firm had begun offering spot trading in Bitcoin and Ether to some retail clients.
The launch allows users to trade Bitcoin and Ether directly, in addition to crypto exchange-traded funds and derivatives already available through the firm.
Charles Schwab said last month that it planned a phased rollout of the service. The offering is provided through a separate Schwab Crypto account, with Charles Schwab Premier Bank serving as custodian. Blockchain infrastructure company Paxos handles trade execution and some custody functions.
Trading fees are 75 basis points, or 0.75%, per transaction. The service is available in most parts of the US, excluding New York and Louisiana.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
