The $12 trillion brokerage will begin a phased rollout of Schwab Crypto, offering direct spot BTC and ETH trading to retail investors in the coming weeks.
Charles Schwab announced the planned launch of its spot crypto trading platform, Schwab Crypto, in a press release today, April 16. The platform offers Bitcoin (BTC) and Ethereum (ETH) trading to Schwab’s retail clients from within the existing platform, alongside traditional investments.
The phased rollout of the platform begins in the coming weeks, and will let Schwab’s existing brokerage customers buy and hold BTC and ETH directly within their accounts, without leaving the platform. Trading will be priced at 75 basis points, per the release. The platform will also provide educational content and analysis.
Schwab first announced that it would offer retail crypto trading a year ago, stating at the time that the platform would by mid-April 2026.
The move marks a strategic shift from Schwab’s previous indirect crypto exposure through ETFs, funds, and derivatives.
In today’s release, Schwab said that it plans to add more cryptocurrencies to the platform in the future. The brokerage also noted that it plans to enable deposits and withdrawals in the future, implying that the current product only allows for crypto buying and selling within Schwab platform.
Charles Schwab Premier Bank, SSB, (CSPB) will provide crypto custody for clients, while the bank has tapped Paxos for trade execution services and sub-custody, per the release.
“With Schwab Crypto, investors can access familiar cryptocurrencies within an all‑in‑one investing and banking experience, backed by an ecosystem of education, tools, resources, and support so they can make informed decisions about how crypto might fit into their broader investing goals,” Schwab’s head of digital assets, Joe Vietri, was quoted as saying in the release.
Last November, U.S. neobank SoFi re-launched its spot crypto trading product, making it the first U.S. FDIC-insured and nationally chartered bank offering retail clients crypto trading alongside its traditional banking and investing services.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Source: https://thedefiant.io/news/tradfi-and-fintech/charles-schwab-spot-bitcoin-ethereum-trading-launch
