fintech / news / / The Dallas Morning News
Charles Schwab is launching its own spot crypto trading platform for retail clients.
Charles Schwab is launching 'Schwab Crypto,' a spot crypto trading platform for retail clients.
KEY POINTS
- Schwab Crypto will initially offer bitcoin and ethereum trading and eventually add more cryptocurrencies.
- The platform will integrate with existing Schwab brokerage accounts and operate under Charles Schwab Premier Bank.
- Schwab is partnering with Paxos for blockchain infrastructure in its crypto trading service.
- Schwab's stock dropped over 7% following the announcement of its crypto platform launch.
COMPANIES
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