Charles Schwab opens direct Bitcoin and Ethereum trading to its retail clients
- Published
Charles Schwab expanded its crypto offering to include direct Bitcoin and Ethereum trading for retail clients. It also added phased external wallet transfers as part of the rollout.
Key claims & sources
What it means
Retail clients who use Schwab are the immediate group affected, because they can now trade Bitcoin and Ethereum directly and the service is being extended with wallet transfer features. That makes the brokerage platform more like a place to hold and move digital assets, rather than only a venue for traditional securities.
In practice, Schwab has moved from offering a more limited crypto setup to a broader one that includes direct trading and phased external wallet transfers. What stays the same is that this remains part of Schwab’s normal brokerage experience, even as the crypto functions become more prominent inside it.
Market reaction i
Bitcoin fell 0.8% in the 4 hours after the first headline, after falling 0.8% in the 2 hours before.
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Coverage timeline
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