Charles Schwab CEO Reveals 0.75% Fee for Bitcoin and Crypto Purchases

The announced pricing would undercut Gemini and Coinbase on instant crypto buys, pointing to intensifying competition as Wall Street expands into digital assets.

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Terms & Concepts
  • Instant crypto purchases: A retail trading feature that lets users buy digital assets immediately at the current quoted price.
  • Bitcoin: The largest cryptocurrency by market value, used as a digital asset and decentralized payment network.
  • Crypto exchange fees: Charges platforms apply when users buy, sell, or trade digital assets on their services.