Charles Schwab Launches Retail Trading for Bitcoin and Ethereum, Managing $13.33 Trillion in Assets

Financial services company Charles Schwab has completed the launch of direct trading for Bitcoin and Ethereum for eligible retail clients. The company manages approximately $13.33 trillion in client assets and has 40.3 million active brokerage accounts. Charles Schwab CEO Rick Wurster stated that the company is gradually opening up cryptocurrency deposit and withdrawal features, with plans to add trading for Solana, Avalanche, and Chainlink by the end of 2026. Currently, transfers support the Bitcoin and Ethereum networks, and withdrawal addresses must be pre-registered. Schwab Crypto charges a trading fee of 0.75%, with a minimum transaction amount of $1 and a maximum of $2,000,000. Rick Wurster mentioned that cryptocurrency trading will become one of the new revenue sources based on trading; the platform is currently not available to clients in New York, Louisiana, U.S. territories, and international markets.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.