Charles Schwab launches spot BTC, ETH trading to select retail clients
Charles Schwab launched Schwab Crypto, enabling select U.S. retail investors to trade bitcoin and ether directly. The platform charges 75 basis points per trade, with Paxos handling execution and custody. This represents significant expansion from Schwab's previous crypto offerings limited to ETFs and derivatives, potentially opening institutional-grade crypto access to millions of American retail investors.
Key takeaways
- 1Charles Schwab launched Schwab Crypto platform enabling select U.S. retail investors to trade bitcoin and ether directly with 75 basis points per trade fee.
- 2Paxos handles trade execution and sub-custody while Schwab Premier Bank serves as crypto custodian for separate client crypto accounts.
- 3Service unavailable in New York and Louisiana; Charles Schwab manages $11.77 trillion in client assets across 39.1 million active brokerage accounts.
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Why it matters
This expansion brings institutional-grade direct crypto trading to mainstream American retail investors through a trusted brokerage, potentially increasing crypto adoption. For Indian retail investors, this signals global trend toward regulated, mainstream crypto access and may influence India's regulatory approach to crypto trading platforms.
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