Charles Schwab Launches Direct Bitcoin and Ethereum Trading via Schwab Crypto
Charles Schwab is launching direct trading of Bitcoin and Ethereum through its new Schwab Crypto platform, competing with firms like Robinhood. The move comes as Schwab aims to meet client demand for crypto investments, with a 0.75% trading fee and a partnership with Paxos for custody. Schwab's shares fell 2% following the announcement.
Tickers: $COIN $HOOD $SCHW $SCHW PRD
Topics: brokerage services competition cryptocurrency fees Paxos partnership