Charles Schwab Rolls Out Spot Bitcoin and Ethereum Trading to Retail Clients

• Phased Launch Details: Schwab Crypto provides spot trading in BTC and ETH, which represent roughly three-quarters of total crypto market capitalization, with plans to expand to additional assets over time.
• Pricing and Features: Competitive 0.75% (75 basis points) trading fee; integrated viewing of crypto alongside traditional investments on Schwab.com, mobile, and thinkorswim platforms; educational resources and 24/7 support.
• Custody Partnership: Charles Schwab Premier Bank, SSB acts as custodian, with Paxos providing sub-custody and execution services under a regulated framework.
• Availability: Available in most U.S. states except New York and Louisiana initially; not all clients qualify, with a separate crypto account linked to existing brokerage accounts.

Charles Schwab has initiated the rollout of its long-awaited spot cryptocurrency trading platform, offering direct access to Bitcoin and Ethereum to a first wave of eligible U.S. retail clients.

The move positions the $11.77 trillion asset manager — with approximately 39.1 million active brokerage accounts at the end of Q1 2026 — as a major player bridging traditional finance and digital assets.

Press release: https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Announces-Details-of-Spot-Crypto-Trading-Launch/default.aspx

Schwab has been building its digital assets presence for years, with clients already holding significant positions in spot crypto ETPs. The new offering allows direct ownership and trading while maintaining the firm’s focus on education and security.

“We know our clients want to conduct more of their financial lives at Schwab,” said Jonathan Craig, Head of Retail Investing. The platform combines trading with research from the Schwab Center for Financial Research and coaching tools to help investors integrate crypto into broader portfolios.

This launch comes as the crypto industry sees increasing institutional and retail integration, following regulatory developments like progress on market structure bills. By offering spot trading in a familiar brokerage environment, Schwab aims to lower barriers for investors seeking direct exposure without leaving their primary platform.

Analysts view the rollout as a validation of maturing crypto infrastructure and growing demand for seamless access. Risks remain, including volatility and the speculative nature of cryptocurrencies, which are not FDIC-insured or SIPC-protected.

Early access and updates are available via Schwab’s cryptocurrency resources page. The firm plans future enhancements, including deposit and withdrawal capabilities.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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