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Charles Schwab Enables Bitcoin Purchases for Over 40 Million U.S. Customers
Charles Schwab, a major financial services firm managing approximately $13 trillion in assets, has announced that all of its customers can now directly purchase Bitcoin through their accounts. This initiative opens up cryptocurrency trading to over 40 million users in the United States.
The service, known as Schwab Crypto, was initially introduced in April and is being rolled out in phases. It supports trading in Bitcoin and Ethereum, with a transaction fee set at 0.75%. The trading operations are facilitated by Paxos, which provides sub-custody and trade execution services. However, residents of New York and Louisiana are currently excluded from accessing this service.
Source: KLEA News