Charles Schwab to Launch Spot Crypto Trading For Retail Clients

Charles Schwab announced Schwab Crypto, a spot cryptocurrency trading service that will begin rolling out to retail clients in the coming weeks, offering direct access to bitcoin and ethereum trading.

• Pricing at 75 basis points on the dollar value of each trade
• Clients can view crypto alongside traditional investments across Schwab platforms
• Paxos will provide sub-custody and trade execution services
• Schwab plans to add more cryptocurrencies and transfer capabilities
• Crypto accounts offered through Schwab Premier Bank in all US state except New York and Louisiana

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