"Charles Schwab's new platform, Schwab Crypto, allows clients to trade bitcoin and ethereum alongside traditional investments, addressing the demand for integrated financial services."
"The phased launch of Schwab Crypto will enable clients to access cryptocurrency trading through a separate account linked to their existing brokerage accounts."
"A survey of 460 current and prospective crypto investors revealed that low pricing, brand familiarity, and asset security are crucial factors in choosing a trading firm."
"At launch, Schwab Crypto will support bitcoin and ethereum, which together represent approximately three-quarters of the total crypto market capitalization."
Charles Schwab introduces Schwab Crypto, allowing retail clients to trade bitcoin and ethereum at 75 basis points per trade. The platform, managed by Paxos for sub-custody and execution, integrates cryptocurrency trading with traditional investments. The phased rollout begins soon, responding to client demand for comprehensive financial services. Schwab's survey indicated that low pricing, brand familiarity, and asset security are key factors for crypto investors. Initially, the platform will support bitcoin and ethereum, which comprise a significant portion of the crypto market.
Read at news.bitcoin.com
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