Charles Schwab has introduced direct Bitcoin and Ether trading on its platform with a 0.75% transaction fee. The brokerage reported $13.1 trillion in client assets and 39.8 million active brokerage accounts in the second quarter. Schwab is also exploring stablecoins and plans to extend crypto services to its advisor platform. Morgan Stanley’s E*Trade has priced crypto trading at 0.5%, putting pressure on fees charged by crypto exchanges. Schwab’s phased rollout of crypto trading has progressed as planned, with a focus on client engagement and consolidation of assets.

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