Charles Schwab to Launch Direct Bitcoin and Ethereum Trading for Brokerage Clients

Charles Schwab is set to initiate a phased rollout of direct trading for Bitcoin and Ethereum among its 39 million brokerage clients in the coming weeks. According to NS3.AI, Schwab Crypto will initially support only these two cryptocurrencies and will impose a fee of 75 basis points per trade. Schwab has clarified that these digital assets are not considered deposits, are not insured by the FDIC or protected by SIPC, and carry the risk of total loss of principal.