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How does Schwab handle partial shares of digital currencies?

avatarBOUNOUA ChahinezFeb 17, 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.

How does Schwab handle partial shares of digital currencies?
Schwab
Fractional Ownership
Digital Currencies

3 answers

  • avatarFeb 17, 2022 · 3 years ago
    Schwab 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.
  • avatarFeb 17, 2022 · 3 years ago
    As 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.
  • avatarFeb 17, 2022 · 3 years ago
    BYDFi, 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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