How does Charles Schwab support cryptocurrency investments?

3 answers

• Alan Le PortApr 25, 2025 · 4 months ago
  Certainly! Charles Schwab, as a traditional brokerage firm, currently does not offer direct cryptocurrency trading services. However, they do provide access to certain investment vehicles that indirectly expose investors to the cryptocurrency market. For example, Schwab clients can invest in Grayscale Bitcoin Trust (GBTC), which is a publicly traded trust that holds Bitcoin. Additionally, Schwab offers access to certain cryptocurrency-related funds and exchange-traded funds (ETFs) that invest in companies involved in the cryptocurrency industry. While Schwab does not provide custody solutions for cryptocurrencies, they do offer secure custody services for traditional assets like stocks and bonds.
  705

  353
• Sarissa FarmanSep 26, 2024 · a year ago
  Hey there! Unfortunately, Charles Schwab doesn't have a direct way for investors to trade cryptocurrencies on their platform. However, they do offer access to certain investment products that can indirectly expose you to the cryptocurrency market. You can invest in Grayscale Bitcoin Trust (GBTC) through Schwab, which is a publicly traded trust that holds Bitcoin. They also provide access to cryptocurrency-related funds and exchange-traded funds (ETFs) that invest in companies involved in the cryptocurrency industry. Just keep in mind that these investment options are not the same as trading cryptocurrencies directly on an exchange.
  639

  213
• codi hildebranNov 07, 2022 · 3 years ago
  Charles Schwab, being a traditional brokerage firm, does not directly support cryptocurrency investments. However, there are ways for Schwab clients to gain exposure to the cryptocurrency market. One option is to invest in Grayscale Bitcoin Trust (GBTC), which is available through Schwab's platform. GBTC is a trust that holds Bitcoin and allows investors to indirectly participate in the price movements of the cryptocurrency. It's important to note that GBTC is not the same as owning Bitcoin directly, as the trust's shares may trade at a premium or discount to the underlying asset value. If you're looking for a wider range of cryptocurrency investment options, you may want to consider other platforms or specialized cryptocurrency exchanges.
  749

  188