Key facts
- Charles Schwab will offer crypto trading to advisors by mid-2027.
- Schwab's new crypto service includes trading, transfers, and custody.
- Galaxy Digital launched an institutional OTC prediction market trading desk.
- Galaxy Digital's first trade was a $10 million event swap with Arca.
- The Galaxy Digital trade was tied to the passage of the CLARITY Act.
- Binance now offers U.S. stock and ETF trading to non-U.S. users.
- Binance offers access to over 7,000 equities.
- Binance provides zero commission and fractional trading starting from $5.
- Bitcoin ETFs and treasuries have seen $12 billion in inflows this year.
- CFTC Chairman Mike Selig and Congressman Bryan Steil are working on crypto clarity.
- The initiative aims to make the U.S. a leader in digital assets.
Charles Schwab is set to introduce spot cryptocurrency trading, transfers, and custody services for its advisor channel by mid-2027. This new offering will be separate from its existing retail crypto services and is designed to seamlessly integrate digital assets into the daily operations of advisors who manage approximately $10 trillion in assets. The move signals a growing institutional acceptance and integration of digital assets within traditional financial services.
In parallel, Galaxy Digital has launched a new institutional over-the-counter (OTC) prediction market trading desk. This initiative aims to enhance accessibility for large investors interested in derivative products tied to specific events. The desk completed its inaugural trade, a $10 million event swap with hedge fund Arca, contingent on the passage of the CLARITY Act.
Binance, a major cryptocurrency exchange, has broadened its product suite by enabling non-U.S. users to trade U.S. stocks and Exchange Traded Funds (ETFs). The platform provides access to over 7,000 equities, offering trading with zero commissions and the option for fractional trading starting at $5 per trade. This expansion allows a global user base to participate in U.S. equity markets through Binance.
Market analysis from Bernstein indicates significant investor interest in Bitcoin, reporting that Bitcoin ETFs and treasuries have collectively attracted approximately $12 billion in inflows year-to-date. Bernstein views Bitcoin as a viable long-term store of value, suggesting continued institutional confidence in the cryptocurrency's potential.
On the regulatory front, U.S. officials are actively working to establish a clearer framework for the cryptocurrency industry. CFTC Chairman Mike Selig and Congressman Bryan Steil are collaborating on an initiative to provide greater clarity for Americans regarding digital assets. This effort is intended to foster innovation and position the United States as a global leader in the digital asset space.