Charles Schwab unveils direct Bitcoin, Ethereum trading
6.6 Investments Charles Schwab will launch direct spot Bitcoin and Ethereum trading in Q2 2026, integrating crypto into its brokerage platform with regulated custody and a 75 basis point fee.
Charles Schwab is preparing to enter the digital asset market by launching direct spot trading for Bitcoin and Ethereum via its Schwab Crypto platform, with a phased rollout starting in Q2 2026. This new service will be integrated into Schwab’s existing brokerage, banking, and research infrastructure, enabling clients to manage cryptocurrencies alongside traditional assets. Initially, access will be limited to select employees and early registrants, with broader availability planned for later phases. The platform will charge a 75 basis point fee per trade, and custody, execution, and settlement will be handled by Paxos, a regulated trust company. The service will be available in all US states except New York and Louisiana. Clients will not be able to deposit crypto from external wallets, nor will holdings be covered by SIPC or FDIC insurance. Schwab’s entry is expected to intensify competition in the retail crypto market, leveraging its $12 trillion in client assets and over 34 million clients. Official communications confirm the product is forthcoming, with early access registration now open.
