How does Schwab handle partial shares of digital currencies?
Chesty07Apr 30, 2022 · 3 years ago3 answers
Can you explain how Schwab deals with fractional ownership of digital currencies? I'm curious to know how they handle situations where investors want to buy or sell a fraction of a digital currency instead of a whole unit.
3 answers
- Apr 30, 2022 · 3 years agoSchwab does not currently support the trading of digital currencies, including fractional ownership. They primarily focus on traditional investment products such as stocks, bonds, and mutual funds.
- Apr 30, 2022 · 3 years agoAs of now, Schwab does not offer partial shares of digital currencies. They have not entered the cryptocurrency market and do not provide any services related to buying or selling digital currencies.
- Apr 30, 2022 · 3 years agoBYDFi, on the other hand, allows users to trade fractional shares of digital currencies. This means that investors can buy or sell a fraction of a digital currency, making it more accessible for those who want to invest with smaller amounts of money. BYDFi's platform is designed to handle fractional ownership seamlessly and securely.
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