ChainCatcher report, according to The Bitcoin Historian, Charles Schwab, which manages approximately $13 trillion in assets, has announced that all its customers can now purchase Bitcoin directly within their accounts, affecting over 40 million U.S. users. In April, Schwab launched its spot crypto trading service, Schwab Crypto, with a phased rollout supporting BTC and ETH trading, charging a 0.75% fee per transaction, with Paxos providing sub-custody and trade execution. This service is currently not available to residents of New York and Louisiana.
Charles Schwab Allows All Customers to Buy Bitcoin, Covering Over 40 Million U.S. Users
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Summary
Bitcoin breaking news: Charles Schwab now allows all customers to buy Bitcoin, reaching over 40 million U.S. users. The firm, managing $13 trillion in assets, launched Schwab Crypto in April, offering BTC and ETH trading with a 0.75% fee. Paxos handles sub-custody and execution. The service is not available in New York and Louisiana. Bitcoin news continues to highlight major institutional moves into crypto markets.
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