Charles Schwab announced further details and plans in their attempt to launch direct spot bitcoin trading through its new platform, Schwab Crypto™, signaling a major step by one of the country’s largest brokerage firms into the digital asset market. 

The feature will roll out in phases over the coming weeks and will allow retail clients to buy and sell bitcoin and ethereum through existing Schwab platforms, the bank said. 

The move gives millions of Schwab clients the ability to trade bitcoin alongside traditional holdings such as stocks, ETFs, and mutual funds. Clients will access Schwab Crypto through Charles Schwab Premier Bank, SSB, which will act as custodian for the…

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