Just saw the news that Schwab has opened spot crypto trading for some accounts—did you all get it?

I'm not sure whether the trading hours are in sync with the stock market or 24/7 — that makes a big difference for short-term traders.

There are a few points in this news that still need to be confirmed, such as whether spot trading is being opened up or only a limited set of coins, and whether all account types can use it. Also, compliance and tax treatment may vary from state to state, and the fee structure may not be the same as for stocks. It's best to wait for Charles Schwab's official announcement to see the specific terms, rather than acting based only on the news headline.

If it really opens up, don't rush to place an order. First, check your account to see if there are any related agreements you need to sign, and while you're at it, confirm whether your state supports it.

Let's wait for the official statement on Charles Schwab's website first—press releases can sometimes lag behind or oversimplify things.

The most important thing to watch is which customer segments it's actually open to. Regulatory attitudes vary quite a bit from state to state, and in some places it may not be available at all. On top of that, institutional clients and ordinary retail accounts may have different levels of access, and whether retirement accounts can even touch this kind of asset is another question entirely. These details often do more to determine the real-world impact than the headlines do.