Charles Schwab is expanding its cryptocurrency services by allowing eligible clients to transfer Bitcoin and Ethereum to and from external wallets. The transfer functionality is being rolled out gradually and requires identity verification as well as security checks and waiting periods for approved wallet addresses. The firm specifies that the value of cryptoassets is not protected by FDIC insurance simply because they are held through a Schwab service. With millions of established brokerage relationships, Schwab represents a serious competitor to traditional crypto exchanges and has already hinted at expanding its supported assets beyond Bitcoin and Ethereum.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
