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Charles Schwab publishes spot BTC, ETH trading to select retail clients

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Charles Schwab launches spot BTC, ETH trading to select retail clients.

Brokerage and banking firm Charles Schwab has officially rolled out its cryptocurrency trading platform, "Schwab Crypto," to a select group of retail clients.

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Summary

In a Tuesday post on X, the firm said the first wave of eligible retail investors can now trade bitcoin (BTC) and ether (ETH) directly on the platform alongside other crypto-related investment products. The rollout follows Charles Schwab's announcement last month that it would introduce the crypto trading platform in phases. According to an April statement, Schwab clients will maintain a separate crypto account through Schwab Crypto. Schwab Crypto is set to charge a 75-basis-point fee per trade.

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