Charles Schwab opens Bitcoin trading as nearly $900M flows back into BTC
The post Charles Schwab opens Bitcoin trading as nearly $900M flows back into BTC appeared on BitcoinEthereumNews.com. The financial services provider has begun rolling out Schwab Crypto accounts. This will give eligible retail clients a way to trade Bitcoin and Ethereum [ETH] directly through the same platform they use for traditional investments. For now, the feature is available to most U.S residents, with New York, Louisiana, U.S territories, and international users excluded at this stage. Source: Charles Schwab To access crypto trading, users need to already hold an eligible Schwab brokerage account, such as an individual or joint account. It also depends on location-based eligibility requirements. The new offering is supported by Schwab Premier Bank as custodian, while Paxos will handle trade execution and sub-custody. Schwab also plans to charge a 75-basis-point trading fee. Capital flows positive for Bitcoin Access is widening, and capital is returning. Bitcoin’s realized capit