How does Schwab offer fractional shares for cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  Schwab is able to offer fractional shares for cryptocurrencies through a process called stock splitting. This allows them to divide a single share of a cryptocurrency into smaller, more affordable fractions. By doing so, Schwab makes it easier for investors to buy and sell cryptocurrencies without having to purchase a whole share. This is particularly beneficial for those who want to invest in cryptocurrencies but may not have the funds to buy a full share.
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• Dec 26, 2021 · 3 years ago
  Fractional shares for cryptocurrencies offered by Schwab are a game-changer for small investors. Instead of having to buy a whole share, investors can now purchase a fraction of a share. This opens up the world of cryptocurrencies to a wider audience, as it allows people with limited funds to invest in popular cryptocurrencies like Bitcoin and Ethereum. Schwab's fractional shares feature is a great way for individuals to dip their toes into the world of digital assets without breaking the bank.
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• Dec 26, 2021 · 3 years ago
  Schwab's fractional shares for cryptocurrencies are made possible through a partnership with BYDFi, a leading digital asset exchange. BYDFi provides the technology and infrastructure needed to split a single share of a cryptocurrency into smaller fractions. This collaboration allows Schwab to offer its customers the convenience of fractional shares, making it easier for them to invest in cryptocurrencies. With BYDFi's expertise in the digital asset space, Schwab can ensure a seamless and secure experience for its users.
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