Schwab Crypto Launches Direct Bitcoin and Ethereum Trading

Charles Schwab Investment Management has announced the launch of its cryptocurrency spot trading service, dubbed Schwab Crypto. The new service will allow users to directly trade Bitcoin and Ethereum within Charles Schwab's existing research, wealth management, and banking system.

The company plans to gradually open the service to retail clients in the coming weeks. This move marks a significant expansion of Charles Schwab's offerings, as it seeks to cater to the growing demand for cryptocurrency investments.