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Charles Schwab will offer cryptocurrency trading services, initially supporting Bitcoin and Ethereum.
BlockBeats message, April 3, according to Crowdfund Insider, Charles Schwab will soon offer cryptocurrency trading on its investment platform. The current strategy is to build a “super app” or an all-in-one platform. Crypto-native platforms like Coinbase were the first to achieve this goal, while once-innovative online brokers have lagged behind on this concept. Maybe they’ve had a lot of meetings and distributed a large number of memos.
The new Charles Schwab cryptocurrency account will initially offer trading in Bitcoin and Ethereum, gradually moving deeper into the crypto space. The company previously offered crypto-themed exchange-traded funds (ETFs) after approval by the U.S. Securities and Exchange Commission (SEC).
From the start, the Charles Schwab cryptocurrency account will be available in all states in the U.S. except New York and Louisiana, and the platform will be developed in-house.