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Charles Schwab Enters Crypto Trading Market
Charles Schwab is set to launch direct cryptocurrency trading, allowing clients to buy bitcoin and ethereum through a new platform called Schwab Crypto, according to the company. The move aims to meet growing investor demand and compete with platforms like Robinhood, which have attracted younger users. Schwab said clients will be able to manage crypto investments alongside traditional assets within its ecosystem. According to company officials, Schwab is partnering with Paxos to handle custody, with crypto holdings kept in separate accounts. The service is expected to roll out in the coming weeks. Executives said the ... (full story)
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