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TagsWhat are the cryptocurrency trading options on Schwab?
Mariama MohammadDec 17, 2021 · 3 years ago1 answersCan you provide a detailed description of the cryptocurrency trading options available on Schwab? I am interested in knowing what cryptocurrencies can be traded, the fees associated with trading, and any additional features or limitations that Schwab offers for cryptocurrency trading.
1 answers
- As of now, Schwab does not have native cryptocurrency trading options on their platform. However, if you're interested in investing in cryptocurrencies, you can explore the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) through Schwab. These trusts allow investors to gain exposure to Bitcoin and Ethereum without directly owning the cryptocurrencies. It's important to note that these trusts have their own fees and risks, so make sure to do your research before investing. Additionally, Schwab also offers access to cryptocurrency-focused ETFs like the Bitwise 10 Crypto Index Fund (BITW), which provides exposure to a diversified portfolio of cryptocurrencies. While Schwab may not have direct cryptocurrency trading, these investment options can still allow you to participate in the cryptocurrency market through your Schwab account.Dec 17, 2021 · 3 years ago
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