Charles Schwab Rolls Out Direct Bitcoin and Ether Trading to First Group of Clients

Charles Schwab has officially launched spot Bitcoin and Ether trading for its initial retail group, allowing users to manage digital assets alongside traditional stocks for a 0.75% fee.

By David Walker | Edited by Julia Sakovich Published:
Charles Schwab Rolls Out Direct Bitcoin and Ether Trading to First Group of Clients
Charles Schwab begins retail crypto rollout. Photo: Pexels

On May 13, 2026, Charles Schwab officially began the rollout of spot Bitcoin and Ether trading to its first group of retail clients. The move integrates digital assets directly into the core brokerage experience for one of the world’s largest financial institutions, which manages over $11 trillion in client assets across nearly 40 million active accounts.

Seamless Integration and Execution

Under the new service, eligible clients can trade and view Bitcoin (BTC) and Ethereum (ETH) alongside their stocks, ETFs, and other investments within a single account. The functionality is being deployed across Schwab’s web and mobile interfaces, as well as its professional-grade Thinkorswim platform.

To ensure institutional-grade security and liquidity, Schwab’s own banking unit handles custody, while execution is managed through Paxos. The service carries a transparent fee of 75 basis points (0.75%) per transaction. However, the initial rollout excludes residents of New York and Louisiana due to local regulatory considerations.

From Alternative to Standard Allocation

The launch marks a significant shift in market infrastructure. Analysts note that by bringing crypto into a mainstream brokerage environment, Schwab is removing the friction that previously forced retail investors toward dedicated crypto exchanges or indirect products like ETFs. As noted by the crypto news account HashNews, this is a signal that digital assets are shifting from alternative investments to standard allocations.

This strategic expansion comes on the heels of a blockbuster financial performance for the firm. Last month, Schwab reported a record first-quarter net income of $2.5 billion, a 30% year-over-year increase, providing the company with a robust balance sheet to support its push into the digital asset frontier.

Bitcoin, DeFi & FinTech, Ethereum, Markets & Trading, News