Schwab Crypto: Mainstream Spot Trading is Live ​Charles Schwab has officially launched Schwab Crypto, allowing eligible retail clients to trade Bitcoin ($BTC) and Ethereum ($ETH) directly within their brokerage accounts. This shift from ETFs to direct spot trading marks a major milestone for institutional adoption. ​Operational Highlights ​Secure Custody: Assets are held by Charles Schwab Premier Bank, with Paxos managing execution and blockchain infrastructure. ​Fee Structure: Trading fees are set at a flat 0.75% per order. ​Asset Separation: Crypto holdings are maintained in dedicated accounts separate from traditional brokerage assets. ​The "Reality Check" ​With roughly $12 trillion in assets and up to 39 million accounts, Schwab’s entry provides a massive liquidity bridge for traditional investors. It signals that digital assets have become a standard Wall Street product. ​Key Limitations ​Geographic Scope: Currently unavailable in New York and Louisiana due to regulatory requirements. ​Transfer Constraints: No support for deposits or withdrawals to external wallets. ​No Protection: Holdings are not covered by SIPC or FDIC insurance. ​#MarketOverloadWeek #SchwabCryptoGoesLive $BTC $ETH