Breaking: Charles Schwab Jumps Into Crypto—BTC & ETH Trading Goes Live
Wall Street's sleeping giant just woke up. Charles Schwab—the $8T asset behemoth—is finally letting clients trade Bitcoin and Ethereum directly. No more crypto ETFs as proxies. No more 'wait-and-see' memos. The old guard just handed retail investors the keys.
Why now? Probably FOMO. After watching BlackRock and Fidelity eat their lunch with spot BTC ETFs, Schwab's playing catch-up. Typical finance dinosaurs—move slow until the asteroid's visible.
Expect trading to go live Q3 2025 with tight spreads (they hope) and the usual disclaimer soup about volatility. Pro tip: Watch how fast they backpedal when the next 30% crypto dip hits.