Charles Schwab will provide cryptocurrency trading services, initially supporting Bitcoin and Ethereum
According to Crowdfund Insider, Charles Schwab will soon offer cryptocurrency trading on its investment platform. The current strategy is to create a "super app" or "all-in-one platform." Cryptocurrency-native platforms like Coinbase have been the first to achieve this goal, while once-innovative online brokerages have struggled with this concept.
The new Charles Schwab cryptocurrency account will initially offer trading in btc-42">Bitcoin and Ethereum, gradually entering the cryptocurrency space. The company had previously provided cryptocurrency-themed exchange-traded funds (ETFs) after approval from the U.S. Securities and Exchange Commission (SEC). From the outset, the Charles Schwab cryptocurrency account will be available in all states in the U.S. except New York and Louisiana, and the platform is developed in-house by the company.
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