🏦 Schwab has brought crypto to 40.3 million accounts—the door to Wall Street is finally open!
📌 On October 15, Schwab CEO Wurster announced that Schwab Crypto is now available to all eligible U.S. retail clients, and has begun supporting transfers of existing crypto holdings onto the platform (Source: CryptoVank/BlockchainReporter).
📊 Key details:
• You can currently buy and sell $BTC and $ETH , with a 0.75% fee per trade and no additional spread
• Paxos handles custody and execution
• SOL, AVAX, and LINK will be added before year-end
• $13.33 trillion in client assets under management and 40.3 million active accounts
🧠 My take:
The 0.75% fee is much higher than Binance spot trading fees, but for traditional brokerage clients, “not having to open a new account” is the biggest selling point. In the long run, this could bring in incremental buying demand; in the short term, ETFs are still seeing outflows, so don't expect an immediate rally.
⚠️ BTC is currently around $82,000, and the Fear & Greed Index is at 59 (Greed).
Do you think altcoins will be the first to benefit from this wave after Schwab adds $SOL ? Let's discuss in the comments 👇
#Schwab #BTC #CryptoMarket
Personal opinion only; not investment advice
📌 On October 15, Schwab CEO Wurster announced that Schwab Crypto is now available to all eligible U.S. retail clients, and has begun supporting transfers of existing crypto holdings onto the platform (Source: CryptoVank/BlockchainReporter).
📊 Key details:
• You can currently buy and sell $BTC and $ETH , with a 0.75% fee per trade and no additional spread
• Paxos handles custody and execution
• SOL, AVAX, and LINK will be added before year-end
• $13.33 trillion in client assets under management and 40.3 million active accounts
🧠 My take:
The 0.75% fee is much higher than Binance spot trading fees, but for traditional brokerage clients, “not having to open a new account” is the biggest selling point. In the long run, this could bring in incremental buying demand; in the short term, ETFs are still seeing outflows, so don't expect an immediate rally.
⚠️ BTC is currently around $82,000, and the Fear & Greed Index is at 59 (Greed).
Do you think altcoins will be the first to benefit from this wave after Schwab adds $SOL ? Let's discuss in the comments 👇
#Schwab #BTC #CryptoMarket
Personal opinion only; not investment advice