Charles Schwab (SCHW) Stock: Surge as Bitcoin and Ethereum Trading Could Drive Growth

TLDR

• Schwab stock gains as direct Bitcoin and Ethereum trading expands its platform.
• Crypto trading adds a new revenue stream across Schwab’s $13 trillion asset base.
• Schwab charges 0.75% per crypto trade with Paxos supporting execution services.
• Bitcoin and Ethereum now trade alongside stocks and ETFs within Schwab accounts.
• Strong Q2 growth gives Schwab a large retail base for expanding crypto services.

Charles Schwab (SCHW) stock gained 0.16% in pre-market trading to $109.52 after Wednesday’s 1.52% advance. The brokerage has added direct Bitcoin and Ethereum trading as it expands digital asset services. The move could strengthen trading activity and deepen engagement across Schwab’s large retail customer base.

The Charles Schwab Corporation, SCHW

Bitcoin Trading Expands Schwab’s Retail Product Offering

Schwab began rolling out direct Bitcoin trading on May 13 through its existing retail brokerage platform. Eligible customers can now trade Bitcoin alongside stocks, exchange-traded funds, bonds, and other investments. The company charges a 0.75% transaction fee for each cryptocurrency trade.

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