Charles Schwab Announces Direct Bitcoin and Ethereum Trading Launch

The brokerage said it will offer direct trading in Bitcoin and Ethereum, marking a move to compete with Robinhood in crypto services.

Summary

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Terms & Concepts
  • Direct trading: A service that lets users buy and sell an asset itself rather than gaining exposure through a fund or derivative.
  • Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and its native cryptocurrency, Ether.
  • Bitcoin: A decentralized digital currency that operates on a blockchain without central bank control.