Crypto · Unchained
Charles Schwab Rolls out Spot Bitcoin and Ethereum Trading in Phased Rollout
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
The brokerage giant begins rolling out Schwab Crypto to its 39 million clients, pricing trades at 75 basis points with Paxos handling custody.
Key facts
- The launch coincided with Schwab’s Q1 2026 earnings, which showed revenue of $6.48 billion, up 16% year over year but marginally short of the $6.50 billion analyst consensus
- Regulatory changes helped clear the path: the SEC rescinded Staff Accounting Bulletin 121 in January 2025, and the OCC reaffirmed in March 2025 that crypto custody is permissible for national banks
- Morgan Stanley recently launched a spot bitcoin ETF, and Goldman Sachs filed to launch a bitcoin income ETF
- Charles Schwab began rolling out direct spot trading for bitcoin and ethereum on Thursday, opening its Schwab Crypto platform to clients for the first time
Summary
Charles Schwab began rolling out direct spot trading for bitcoin and ethereum on Thursday, opening its Schwab Crypto platform to clients for the first time. The service operates through Charles Schwab Premier Bank, SSB, with Paxos serving as the regulated custody and trade execution partner. The initial offering is limited to bitcoin and ether in most U.S. states, with New York and Louisiana excluded at launch. Schwab’s entry puts it in direct competition with Robinhood and Coinbase, both of which have served retail crypto investors for years.