Close-up of sign with logo at Charles Schwab financial adviser branch in Pleasanton, California, March 26, 2018. (Photo by Smith Collection/Gado/Getty Images)
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Bitcoin is trading near $78,100 and ether around $2,320 on Wednesday as Charles Schwab begins phasing in direct spot trading of both coins inside a brokerage platform that already holds $11.9 trillion in client assets.
The rollout, first detailed publicly on April 16 by Nate Geraci, host of the ETF Prime podcast, is the most significant Wall Street on-ramp for retail crypto since the spot bitcoin ETFs cleared the SEC two years ago. It also arrives at a 75-basis-point price tag that has Bloomberg’s senior ETF analyst advising most clients to keep buying ETFs…
