******Charles Schwab announces spot crypto trading service (BTC/ETH), COIN stock dips****** [developing]
Key Questions
What is Schwab Crypto?
Schwab Crypto is Charles Schwab's new spot cryptocurrency trading service for Bitcoin (BTC) and Ethereum (ETH), set to roll out via Paxos in Q2 2026. It targets Schwab's 39 million active brokerage accounts but excludes deposits and withdrawals in New York and Los Angeles.
How did Coinbase (COIN) stock react to the Schwab Crypto announcement?
COIN shares initially dipped 1% to $194 following the announcement but later rose 6% to $194.82. The movement reflects concerns over traditional finance rivalry for retail crypto trading, similar to Goldman Sachs and BlackRock.
What are the key challenges for Coinbase amid this development?
Coinbase faces competition from Schwab's entry into spot crypto trading, potentially impacting its volumes despite its edge in perpetuals. Low volatility, CLARITY Act hype, and Bitcoin's dip to $72-75k with resistance at $76k add pressure.
What is the GF Value for COIN stock?
The GuruFocus Value for COIN is $256, indicating the stock is undervalued. This comes amid insider sales of $61 million.
How does Schwab Crypto compare to existing platforms?
Schwab Crypto echoes moves by Goldman Sachs and BlackRock into crypto, targeting retail investors through its vast account base. It positions traditional finance as a rival to platforms like Coinbase and Robinhood.
Schwab 'Schwab Crypto' spot plans Q2 2026 rollout via Paxos (no dep/withdrawals NY/LA excl., 39M accts); COIN -1% to $194 on ann then +6% $194.82/- sink amid TradFi retail rivalry (echoes Goldman/BlackRock); GF Value $256 underv/insider $61M sell; challenges COIN volumes/perps edge amid low vols/CLARITY hype/BTC $72-75k dip/$76k peak resistance.