The Schwab Crypto service will provide direct access to Bitcoin and Ethereum at a fee of 75 basis points, with custody provided via its banking subsidiary and infrastructure support from Paxos.
Financial services firm Charles Schwab said that it will begin a phased rollout of Schwab Crypto, a spot cryptocurrency trading service for retail clients. The clients will also have access to digital asset education and research The service will provide direct access to Bitcoin and Ethereum and will sit alongside Schwab’s existing investing, trading, banking and wealth management offerings. The launch of the new product follows Schwab's last year survey which took responses fro