Charles Schwab has added Bitcoin, Ether trading to its $13 trillion platform

Charles Schwab has added direct Bitcoin and Ether trading to its retail brokerage platform at a 0.75% transaction fee, putting crypto inside a business that reported $13.1 trillion in client assets and 39.8 million active brokerage accounts at the end of the second quarter. Summary Charles Schwab has rolled out direct Bitcoin and Ether trading at a 0.75% transaction fee. Schwab reported $13.1 trillion in client assets and 39.8 million active brokerage accounts in the second quarter. The brokerage has started testing crypto transfers after launching spot trading without deposits or withdrawals. Morgan Stanley’s E*Trade has priced crypto trading at 0.5%, adding pressure on fees charged by crypto exchanges. Schwab is also exploring stablecoins and plans to extend crypto trading, transfers and custody to its advisor platform. According to Schwab’s second-quarter results and comments from CEO Rick Wurster, the phased rollout that started May 13 has progressed as planned, while the company has begun a crypto transfers pilot and taken an equity stake in infrastructure provider Paxos. The service initially supports Bitcoin and Ether, with Charles Schwab Premier Bank holding client assets a...