JUST IN: $138 BILLION CHARLES SCHWAB CEO CONFIRMS IT WILL LAUNCH #BITCOIN AND CRYPTO SPOT TRADING
THEY HAVE 37 MILLION CUSTOMERS. MASSIVE 🔥
Discussion
As long as the customers pull the coins off into their own cold storage after the purchase, this would simply make CS another bitcoin exchange. Its a good thing for the novice purchaser.
Great! Another one joins the BTC train! I'll have to check if they allow self custody. No, it does not appear you cna self-custody BTC bought from Schwab.
https://duckduckgo.com/?q=charles+schwB+BITCOIN+SLEF+CUSTODY&t=newext&atb=v477-4__&ia=web
Has, anything actually changed here? I've owned $FBTC in a Schwab account since the ETF was approved. It sounds like they are offering products that offer "cryptocurrency exposure" which they already did.
This sound promising for the future though: "Schwab plans to offer spot crypto trading after the regulatory environment changes. We anticipate that it will change, and we're getting ready for that eventuality."
Sounds like they will offer direct spot trading but they don't say anything about customers being able to take custody.
https://cryptobriefing.com/charles-schwab-spot-crypto-trading-2/