Charles Schwab Opens Bitcoin and Ethereum Transfers to External Wallets
- —External wallet transfers for BTC and ETH are being rolled out in phases
- —Users must pass identity verification and address security checks
- —Crypto held via Schwab is not covered by FDIC insurance
- —Schwab has discussed adding assets beyond Bitcoin and Ethereum
Why it matters: A major brokerage with millions of clients is folding crypto into the traditional investing experience, intensifying competition with crypto exchanges.
Source: NewsBTC