Charles Schwab Just Turned On Bitcoin Trading for 40 Million Accounts [U1iRdirO4yB]
Charles Schwab just turned on real Bitcoin and Ethereum trading for almost 40 million accounts, and one of them might be yours. Go to skool.com/coinpicksgenesis and see exactly how we're taking advantage of news like this, for a dollar. This is not a fund or a stock that tracks crypto. Real coins, sitting next to your index funds inside the Schwab app. Announced in April, live May 13 for the first wave. The fee is 0.75% per trade. Fidelity charges 1%, Coinbase can run about 4%. The giant showed up and undercut everyone. Schwab holds $13.14 trillion of client money. Coinbase's whole platform holds $294 billion. That is roughly 45 times the size, and Schwab customers already held about a fifth of all Bitcoin funds in America before this button existed. In late 2024 Schwab's incoming CEO told Bloomberg he had not bought any crypto and felt silly. Eighteen months later, asked if this puts Schwab in direct competition with Coinbase, his whole answer was one word. Absolutely. If you're a Schwab customer, check the app or schwab.com/cryptocurrency. It's rolling out in waves and there's a wait list. And by mid 2027 the same button goes to Schwab's financial advisors and the $5 trillion they manage. Follow for the next breakdown.