Chainlink · Bitcoin · Ethereum · Cointelegraph
Schwab charges 75 basis points, or 0.75%, on the dollar value of each crypto trade
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The Schwab Crypto accounts are offered through Charles Schwab Premier Bank, with affiliated brokerage Charles Schwab & Co. performing certain operational functions on the bank’s behalf.
Key facts
- As of July 31, Schwab held $13.04 trillion in client assets across 39.9 million active brokerage accounts, according to the company
- Schwab charges 75 basis points, or 0.75%, on the dollar value of each crypto trade
- US financial services giant Charles Schwab plans to add Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) to its crypto trading platform in the coming months, expanding its direct cryptocurrency
- The Schwab Crypto accounts are offered through Charles Schwab Premier Bank, with affiliated brokerage Charles Schwab & Co. performing certain operational functions on the bank’s behalf
Summary
The financial services giant plans to expand Schwab Crypto beyond Bitcoin and Ether months after rolling out direct crypto trading to retail clients. US financial services giant Charles Schwab plans to add Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) to its crypto trading platform in the coming months, expanding its direct cryptocurrency offering beyond Bitcoin (BTC) and Ether (ETH). Schwab Crypto began rolling out to retail clients in May, initially offering direct Bitcoin and Ether trading alongside traditional investments through Schwab’s website, mobile app and thinkorswim platform. The brokerage said it planned to add more cryptocurrencies and digital assets over time, though it did not specify which assets it is considering or provide a timeline beyond the three newly announced tokens. Schwab charges 75 basis points, or 0.75%, on the dollar value of each crypto trade.