Charles Schwab has launched its Schwab Crypto service, offering spot crypto trading for eligible U.S. retail clients. Users can now trade Bitcoin and Ethereum directly through their existing accounts. The service is managed by Schwab Premier Bank and executed via Paxos, with a 0.75% fee per trade. Deposits and withdrawals from external wallets are not permitted. The service is not available in New York and Louisiana. With $12 trillion in client assets, Schwab holds approximately 20% of U.S. cryp