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Charles Schwab to Offer Crypto Trading, Initially Supporting Bitcoin and Ethereum
On April 3rd, 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 “all-in-one platform.” Crypto-native platforms like Coinbase were the first to achieve this, while the once-innovative online brokerage has stumbled on this concept. Perhaps they’ve had many meetings and distributed numerous memos. The brand-new Charles Schwab crypto account will initially offer Bitcoin and Ethereum trading, gradually entering the crypto space. The company previously offered cryptocurrency-themed exchange-traded funds (ETFs) after approval from the U.S. Securities and Exchange Commission (SEC). From the outset, the Charles Schwab crypto account will be available in all U.S. states except New York and Louisiana, and the platform is developed in-house by the company.