Charles Schwab Opens Bitcoin and Ether Transfers to External Wallets
Charles Schwab is rolling out transfers of Bitcoin and Ether to external wallets in phases. Clients face identity checks, and FDIC insurance does not cover the crypto holdings.
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what happened
According to NewsBTC, brokerage Charles Schwab is widening its crypto offering. Eligible clients can now transfer supported assets to and from external wallets, and the feature is being introduced gradually.
Users must complete identity verification before transferring. Approved wallet addresses may face security checks and waiting periods. The company also stresses that Bitcoin and Ether are not protected by FDIC insurance merely because they are held at Schwab.
The report notes that Schwab already serves millions of brokerage clients and has discussed adding assets beyond BTC and ETH.
why it matters
For markets, this signals that traditional brokers are competing seriously with crypto exchanges for customers. The option to move coins to self-custody may draw more investors into crypto through familiar financial institutions.
market impact
Crypto assets: brokers expanding services and competing with exchanges supports interest in BTC and ETH
tags
instruments
sources
- Charles Schwab Opens Bitcoin And Ethereum Transfers As Crypto Rollout Expands — newsbtc.com, 17 October 2026 at 19:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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