Charles Schwab has announced that all of its clients can now buy Bitcoin directly within their accounts, according to The Bitcoin Historian. The firm manages about $13 trillion in assets and the move reaches more than 40 million U.S. users. Schwab had previously said in April that it would roll out its spot crypto trading service, Schwab Crypto, in phases. The service supports trading in Bitcoin and Ether and charges a 0.75% fee on each transaction. Paxos provides sub-custody and trade execution for the offering. The service is not currently available to residents of New York or Louisiana.
Charles Schwab, which manages about $13 trillion in assets, has announced that all clients can now buy Bitcoin directly within their accounts, according to The Bitcoin Historian. The rollout reaches more than 40 million U.S. users.
In April, Schwab said it would launch its spot crypto trading service, Schwab Crypto, in phases. The product supports trading in BTC and ETH and charges a 0.75% fee per transaction. Paxos provides sub-custody and trade execution.
The service is currently unavailable to residents of New York and Louisiana.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
