Charles Schwab to Launch Direct Bitcoin and Ethereum Trading

Charles Schwab, a major US brokerage firm, has announced plans to launch Bitcoin and Ethereum spot trading services through its banking subsidiary Charles Schwab Premier Bank.

The service, named Schwab Crypto, will allow customers to directly buy, sell, and hold BTC and ETH, meeting the growing demand for digital assets alongside traditional investments such as stocks and bonds.

With nearly $12 trillion in client assets under management, this move marks a significant shift towards direct cryptocurrency investment from the firm's previous focus on indirect products like crypto ETFs and futures.