Charles Schwab begins offering spot cryptocurrency trading services to retail clients in the United States

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Golden Finance reports that on May 14, the American financial services giant Charles Schwab has begun rolling out the “Schwab Crypto” service in phases to eligible U.S. retail clients, supporting direct trading of Bitcoin and Ethereum.
According to official information, users can view and manage their crypto assets directly through their existing Schwab accounts, with custody provided by Charles Schwab Premier Bank, and Paxos handling underlying custody and trade execution services.
The platform charges a trading fee of 0.75% of the transaction amount per trade and currently does not support deposits and withdrawals from external wallets. Additionally, this service is not yet available to residents of New York and Louisiana.
Charles Schwab currently manages approximately $12 trillion in client assets, and its clients hold about 20% of their assets in U.S. spot crypto ETFs.

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