Charles Schwab Begins Rollout of Spot BTC, ETH Trading for U.S. Retail Customers
The rollout lets an initial group of retail clients trade bitcoin and ether on Schwab Crypto, with 0.75% fees and Paxos handling execution.
- On Tuesday, Charles Schwab began rolling out spot cryptocurrency trading for retail customers in the United States, enabling users to trade Bitcoin and Ether on the Schwab Crypto platform.
- CEO Rick Wurster confirmed the rollout timeline last month, fulfilling plans the Westlake, Texas-headquartered firm announced in July last year when it already offered crypto exposure through ETFs.
- Selected retail clients can access the service across most U.S. states, excluding New York and Louisiana, while paying 0.75% per trade with Paxos handling execution and Schwab Premier Bank serving as custodian.
- Traders can now access digital assets alongside stocks and retirement portfolios within a single environment, shifting crypto from active trading behavior toward allocation-based investment decisions mirroring standard portfolio construction.
- Bitcoin traded near $79,000 as the service launched, demonstrating its role as a key gateway for capital entering digital assets; future expansion beyond Bitcoin and Ether will determine the platform's lasting utility.
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Charles Schwab launches spot Bitcoin and Ethereum trading for U.S. retail clients via new platfrom
Popular banking firm Charles Schwab has rolled out direct Bitcoin and Ethereum trading to its U.S. retail customers via a new platform called “Schwab Crypto.” This platform will give the firm’s over 39 million account holders access to spot crypto purchases in addition to stocks and bonds. The brokerage firm confirmed on Tuesday that an initial group of eligible investors can now trade the two largest cryptocurrencies by market cap on its new pl…
Charles Schwab Brings Spot Crypto to Retail Clients
TL;DR: Charles Schwab began rolling out spot crypto trading for retail US clients, with an initial group able to trade bitcoin and ether through Schwab Crypto. The launch builds on Schwab’s existing crypto exposure through ETFs and futures, but direct spot access moves digital assets into its core platform. With around $12 trillion in client assets and roughly 35 million clients, Schwab could reduce friction for mainstream retail crypto adoptio…
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Cryptocurrency News | Cryptocurrency Prices | Market CapCharles Schwab Begins Offering Bitcoin, Ethereum Trading to US Users
Charles Schwab started allowing select users to trade Bitcoin and Ethereum directly alongside their other investments.
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