U.S. brokerage giant Charles Schwab has fully opened direct trading in $BTC and $ETH to eligible retail investors 👀
1. At its fall business update on October 15, CEO Rick Wurster confirmed that Schwab Crypto has completed its full rollout to retail investors; early access began in phases starting in May.
2. Scale: With approximately $13.33 trillion in client assets and around 40.3 million active brokerage accounts, customers can place orders on Schwab.com, the mobile app, and thinkorswim.
3. Fees: 0.75% per trade, with no additional spread markup, according to the website; trades range from $1 to a maximum of $2 million.
4. Custody: Schwab’s own bank serves as the primary custodian, while Paxos handles execution and secondary custody. Deposits and withdrawals of crypto are being rolled out in phases.
5. Plans to add $SOL , Avalanche, and Chainlink by the end of the year.
What’s notable: Traditional brokerages are bringing crypto into stock accounts, lowering the barrier for new users. However, a one-way fee of 0.75% isn’t cheap. If you trade frequently, compare it with spot trading fees on exchanges (Binance’s standard spot trading fee for regular users is 0.1%).
Don’t have a Binance account yet? Enter the referral code me888 when signing up to get a 30% commission rebate on trading fees.
⚠️ For informational purposes only; not investment advice. DYOR. Use official channels only, and don’t click unfamiliar claim links.
#CharlesSchwab #比特币 #以太坊 #传统金融入场 #CryptoNews
1. At its fall business update on October 15, CEO Rick Wurster confirmed that Schwab Crypto has completed its full rollout to retail investors; early access began in phases starting in May.
2. Scale: With approximately $13.33 trillion in client assets and around 40.3 million active brokerage accounts, customers can place orders on Schwab.com, the mobile app, and thinkorswim.
3. Fees: 0.75% per trade, with no additional spread markup, according to the website; trades range from $1 to a maximum of $2 million.
4. Custody: Schwab’s own bank serves as the primary custodian, while Paxos handles execution and secondary custody. Deposits and withdrawals of crypto are being rolled out in phases.
5. Plans to add $SOL , Avalanche, and Chainlink by the end of the year.
What’s notable: Traditional brokerages are bringing crypto into stock accounts, lowering the barrier for new users. However, a one-way fee of 0.75% isn’t cheap. If you trade frequently, compare it with spot trading fees on exchanges (Binance’s standard spot trading fee for regular users is 0.1%).
Don’t have a Binance account yet? Enter the referral code me888 when signing up to get a 30% commission rebate on trading fees.
⚠️ For informational purposes only; not investment advice. DYOR. Use official channels only, and don’t click unfamiliar claim links.
#CharlesSchwab #比特币 #以太坊 #传统金融入场 #CryptoNews