Charles Schwab to Introduce Spot Cryptocurrency Trading for Retail Clients
MT Newswires Live
Yesterday
Charles Schwab (SCHW) said Thursday it will launch a spot cryptocurrency trading service for retail customers in the coming weeks.
The platform will initially provide direct trading of bitcoin and ethereum alongside traditional investments for a fee of 75 basis points per transaction, the company said.
Clients will hold a separate digital asset account through Charles Schwab Premier Bank, while Paxos will manage trade execution and sub-custody services, it added.
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