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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

Visa expands stablecoin payments network, enabling corporate prefunding and cross-border payouts

Visa has expanded stablecoin prefunding and payout functions on Visa Direct through a partnership with crypto infrastructure provider Zerohash. Eligible Visa Direct customers can preload balances in stablecoins and use them to process cross-border payments. The added feature lets businesses manage liquidity without being tied to bank operating hours, while recipients can be paid directly in stablecoins instead of local currency. Zerohash said the capability is delivered through its infrastructure within the Visa Direct network.

Crypto

Morgan Stanley expands crypto product lineup with Ethereum, Solana ETPs

Morgan Stanley Investment Management has launched exchange-traded products tracking ether and solana, expanding a cryptocurrency product lineup that had been limited to bitcoin. The new products are Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust. They trade on NYSE Arca as MSSE and MSOL and track benchmark settlement prices set at 4 p.m. in New York. The firm plans to stake some assets and pass rewards to investors.