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Charles Schwab plans to roll out direct spot trading for Bitcoin and Ethereum through a new platform called Schwab Crypto.
Charles Schwab will launch direct spot trading for Bitcoin and Ethereum via Schwab Crypto in 2026.
KEY POINTS
- Initial rollout will exclude New York and Louisiana and limit features to basic buying and selling.
- Crypto assets will be custodied by Paxos and held in separate Schwab Crypto accounts, not brokerage accounts.
- Crypto positions in Schwab Crypto accounts will not have SIPC or FDIC protection, consistent with industry standards.
- Schwab’s move enables side-by-side trading of stocks, bonds, and crypto, challenging platforms like Robinhood.
COMPANIES
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