Wall Street Giant Enters Crypto:


Schwab Launches Spot $BTC $ETH

Charles Schwab, the $12 trillion asset manager, is launching direct Bitcoin and Ethereum trading for retail clients. A waiting list has opened for the new account, called "Schwab Crypto," with the first phase rolling out in the second quarter of 2026.

Highlights:
- Direct spot trading — BTC and ETH can be purchased through a separate crypto account
- Fee: 0.75% per transaction, no custody fees
- 38.9 million account distribution network — access via existing brokerage clients
- Initially available across the US (excluding NY and LA), no external transfers

This move makes Schwab a direct competitor to Coinbase and Robinhood. The firm, which considered crypto "speculative" in 2019, now states that its clients hold over 20% of the ETPs in the industry.

Market implications: One of the largest distribution networks in traditional finance is now integrating spot crypto into its main platform. Following ETFs, the second wave — direct ownership — could accelerate retail adoption. Inflows, particularly through financial advisors, could be the new engine of institutional demand in 2026.

Note: The launch will be phased and not immediately available to all clients. This is not investment advice. DYOR.

#ETFs
#CryptoMarketRecovery
#Bitcoin
#ETH
BTC0.33%
ETH-0.38%
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not_queen
· 36m ago
To The Moon 🌕
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not_queen
· 36m ago
2026 GOGOGO 👊
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ybaser
· 1h ago
To The Moon 🌕
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discovery
· 1h ago
LFG 🔥
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discovery
· 1h ago
To The Moon 🌕
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discovery
· 1h ago
2026 GOGOGO 👊
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