Charles Schwab has rolled out a new service allowing eligible retail clients in the United States to trade Bitcoin and Ethereum directly through its existing investment platform. This integration enables users to manage cryptocurrency alongside traditional assets within a single account setup, although residents of New York, Louisiana, certain U.S. territories, and international investors are excluded from access at this stage.
To participate, clients must hold an eligible Schwab brokerage account, such as an individual or joint account, and meet location-specific eligibility requirements. Schwab Premier Bank acts as the custodian for these crypto assets, while Paxos is responsible for executing trades and providing sub-custody services. The platform imposes a 0.75% trading fee on crypto transactions, aligning with Schwab’s traditional fee structures.
This launch coincides with a significant influx of capital into Bitcoin, highlighted by nearly $900 million flowing into Bitcoin exchange-traded funds (ETFs) recently. Bitcoin’s realized capital impulse—a measure of capital settling on-chain—has shifted into positive territory for the first time in six weeks, suggesting rejuvenated investor interest and broader adoption momentum.
Despite these capital inflows, Bitcoin’s price remains cautiously positioned near the $80,000 mark. At the time of the latest data, Bitcoin traded just below this level, showing a slight decline. Market indicators such as the Relative Strength Index (RSI) approached neutral, while the Chaikin Money Flow hinted at diminished buying pressure, signaling a pause in upward momentum. Maintaining the $79,000 to $80,000 range could prove critical for Bitcoin’s short-term trajectory.