This is huge news. With $12 trillion in client assets and around 46 million accounts, direct access to BTC and ETH could really push crypto into the mainstream. But US residents will need to open new crypto accounts with Schwab Premier Bank though it won’t be available in NY and Louisiana.
Yeah, once they integrate this, I bet traditional banking clients will catch on pretty fast. They'll offer guides to help people understand risks and make better trades.
I’d rather stick to exchanges that know crypto well, like Binance or OKX. Schwab might be big, but their crypto experience? Not convinced. Centralized exchanges are risky enough.
But comparing Schwab to Binance, they might be more secure since they’re highly regulated and partner with established services like Coinbase for Bitcoin purchases.
I just want clarity here. Will we actually be able to buy and withdraw BTC? Are there deposits involved? No management fees? Guess we’ll find out soon.
BlackRock has a massive $14 trillion under management and is getting into Bitcoin ETFs, so it's evident there's growing interest. Schwab’s move seems to be in response to market demand and regulatory changes.
But keep in mind that just because these big firms manage trillions doesn’t mean they’re diving headfirst into Bitcoin. BlackRock’s ETFs have only pulled in about 1% of their total assets kinda underwhelming.
This is a critical point. Many newbies don't understand the difference between holding on exchanges vs personal wallets. Schwab's entry can only be good for crypto visibility, especially in the US.
Good reminder. Those big headlines sound impressive, but actual percentages tell a different story. Schwab feels more like they’re playing catch-up than leading a capital wave.
It’s kind of cool, but it doesn’t feel groundbreaking like previous firsts in crypto. Schwab joining now, when others have already jumped in, doesn't have the same hype.
Honestly, most investors still don’t know Bitcoin. Having another bank show interest is cool, but true believers see the value regardless of what mainstream thinks.