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Charles Schwab, one of the oldest brokerage firms, has officially entered the world of crypto trading.
Charles Schwab now directly allows clients to buy and sell Bitcoin and Ethereum on its platform.
KEY POINTS
- Schwab Crypto will charge a 0.75% per transaction fee, undercutting Fidelity but not Robinhood.
- Schwab clients increasingly want to consolidate both their traditional and crypto assets on one platform.
- Major brokerages like Schwab are moving into crypto as firms like Coinbase introduce stock trading.
COMPANIES
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