Charles Schwab opens Bitcoin trading as nearly $900M flows back into BTC
Retail access is growing, though BTC still faces resistance near $80K.
Charles Schwab will now offer Spot Bitcoin [BTC] trading to retail users!
With market indicators looking strong, money is flowing back into the space too. Hence, the question – Are we at the next stages of adoption?
Charles Schwab opens direct Bitcoin and Ethereum trading
The financial services provider has begun rolling out Schwab Crypto accounts. This will give eligible retail clients a way to trade Bitcoin and Ethereum [ETH] directly through the same platform they use for traditional investments.
For now, the feature is available to most U.S residents, with New York, Louisiana, U.S territories, and international users excluded at this stage.
To access crypto trading, users need to already hold an eligible Schwab brokerage account, such as an individual or joint account.
It also depends on location-based eligibility requirements.
The new offering is supported by Schwab Premier Bank as custodian, while Paxos will handle trade execution and sub-custody. Schwab also plans to charge a 75-basis-point trading fee.
Capital flows positive for Bitcoin
Access is widening, and capital is returning.
Bitcoin’s realized capital impulse has moved back above zero for the first time in six weeks, after bottoming in late April. This metric tracks how quickly capital is settling on-chain.
The timing here is especially peculiar because this positive flip came on the back of $898 million in Bitcoin ETF inflows. Demand is not limited to one channel either.
How is BTC’s price holding up?
At the time of writing, Bitcoin’s price action was still holding firm near the $80K-zone. This, even though things have slowed down since last week’s highs. On the daily chart, BTC was trading at around $79,742 at press time – Down 0.92%.
The RSI had slipped to 56.08, close to neutral territory. At the same time, the Chaikin Money Flow was also negative at -0.03. Buying pressure appeared to have slowed down too.
Put simply, while capital flows have improved, the spot chart’s signals seemed mixed. For the next move, holding the $79,000-$80,000 range will be very important.
Final Summary
- Charles Schwab has launched direct Bitcoin and Ethereum trading for eligible retail users.
- While Bitcoin capital flows have turned positive again, BTC still faces short-term pressure near $80K.
