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Crypto

Charles Schwab opens direct cryptocurrency trading in 48 U.S. states, supporting bitcoin and ether

Charles Schwab has begun direct trading of bitcoin and ether across about 40 million brokerage accounts, opening the service in 48 U.S. states excluding New York and Louisiana. The product, called Schwab Crypto, carries a 0.75 percent trading fee and is operated by Charles Schwab Premier Bank and Paxos. Schwab has kept risk warnings, saying even a 1 to 3 percent allocation can overly affect a portfolio.

Crypto

XRP Ledger shifts focus from payments to stablecoin infrastructure

An assessment has emerged that XRP Ledger (XRPL) is shifting its center of gravity from a payments-focused blockchain to a stablecoin trading network. Jim Faraioli, head of crypto research at U.S. securities firm Charles Schwab, said major blockchains are becoming specialized as the crypto industry reshapes. He cited RLUSD supply data showing XRPL’s RLUSD supply in June slightly exceeded Ethereum’s, supporting the view of a stablecoin-centered evolution.

Crypto

Strategy to fund \'Trump accounts\' for U.S. employees\' children with $250 a year

Strategy will deposit $250 a year into \'Trump accounts\' for all U.S. employees\' children under 18. The company said it will join the corporate savings programme under the U.S. childcare support policy Invest America. For children born after Jan. 1, 2025, Strategy will also make a one-time additional deposit matching a $1,000 contribution paid by the U.S. Treasury. Other large financial firms are also joining.