Charles Schwab has announced the launch of Schwab Crypto, a spot cryptocurrency trading service, which will be gradually rolled out to retail clients over the coming weeks. Initially, the platform will support direct trading of Bitcoin and Ethereum with a transaction fee of approximately 75 basis points per trade. Users will be able to view and manage their crypto assets alongside traditional investments on the same platform. Schwab Premier Bank will custody the assets, while Paxos will provide blockchain infrastructure and execution. The company plans to expand support to more cryptocurrencies and introduce deposit and withdrawal features in the future.