Charles Schwab Teases Direct Bitcoin Trading With New ‘Schwab Crypto’ Account
Bitcoin Magazine
Charles Schwab is developing a new account to allow retail clients to trade cryptocurrencies directly on its platform.Summary
Financial services giant Charles Schwab has announced the development of "Schwab Crypto," a new product designed to offer retail clients direct access to buying and selling cryptocurrencies. This move represents a significant shift for the firm, which previously limited crypto exposure to indirect investment vehicles like ETPs and crypto-related equities. The initiative, which is subject to regulatory approval, positions Schwab to compete directly with established platforms like Coinbase and Robinhood, while also exploring future stablecoin offerings.
(Source：Bitcoin Magazine)