Charles Schwab will provide cryptocurrency trading services, initially supporting Bitcoin and Ethereum

According to market news, Charles Schwab will soon offer cryptocurrency trading on its investment platform. The current strategy is to create a "super app" or "all-in-one platform." Cryptocurrency-native platforms like Coinbase have achieved this goal first, while once-innovative online brokerages have stumbled on this concept.

The new Charles Schwab cryptocurrency account will initially offer Bitcoin and Ethereum trading, gradually entering the crypto space. The company had previously provided cryptocurrency-themed exchange-traded funds (ETFs) after approval from the U.S. Securities and Exchange Commission (SEC). From the beginning, the Charles Schwab cryptocurrency account will be available in all states in the U.S. except New York and Louisiana, and the platform is developed in-house by the company.