Prefer us on Google 
Download App 
Download App
Charles Schwab has unveiled further specifics and intentions regarding its forthcoming direct spot bitcoin trading service via its new Schwab Crypto™ platform. This move represents a significant advancement by one of the nation’s largest financial services companies into the digital asset arena.
The functionality is scheduled to be deployed in stages over the ensuing weeks, empowering individual investors to trade bitcoin and ethereum through their existing Schwab accounts, the financial institution stated.
This initiative grants millions of Schwab customers the ability to engage in bitcoin trading alongside their conventional investments, such as equities, exchange-traded funds, and mutual funds. Customers will utilize Charles Schwab Premier Bank, SSB, for access to Schwab Crypto, which will serve as the custodian for the digital assets.
Paxos, a provider of blockchain infrastructure, will manage sub-custody and transaction processing under a framework regulated by federal authorities.
“Our clients desire to conduct a greater portion of their financial dealings with Schwab,” remarked Jonathan Craig, Head of Retail Investing. “Through Schwab Crypto, they can transact in digital assets within their current accounts while benefiting from the service, insights, and resources they have come to depend on.”
BREAKING: $12 trillion Charles Schwab to launch direct Bitcoin trading — CNBC 🚀 pic.twitter.com/VSbqOObLa9
— Bitcoin Magazine (@BitcoinMagazine) April 16, 2026
Upon its debut, Schwab Crypto will facilitate direct trading of bitcoin and ethereum, assets that collectively constitute approximately three-quarters of the worldwide crypto market valuation.
Schwab will impose a transaction charge of 75 basis points on the dollar value of each trade, positioning its fees competitively within the brokerage sector. In the future, the company intends to incorporate additional cryptocurrencies and enable the transfer of assets for deposits and withdrawals.
Schwab indicated that its platform will seamlessly incorporate digital assets across Schwab.com, the Schwab Mobile App, and the thinkorswim® trading suite. Clients will maintain access to Schwab’s round-the-clock customer support, educational resources on digital assets via Schwab Coaching®, and research provided by the Schwab Center for Financial Research.
Charles Schwab is venturing into bitcoin
Joe Vietri, Head of Digital Assets at Schwab, characterized the launch as an expansion of the firm’s comprehensive digital strategy. “Our objective is to become the preferred platform for retail investors seeking to confidently integrate digital assets into their portfolios,” Vietri stated.
Paxos, a blockchain services company based in New York and overseen by the Office of the Comptroller of the Currency, will furnish the underlying infrastructure for the new trading service. Its custody solutions are already utilized by numerous international financial institutions seeking regulated pathways to digital assets.
Schwab already possesses a substantial footprint in the digital asset landscape, with its clients holding approximately 20 percent of spot crypto exchange-traded products. This new feature extends Schwab’s influence beyond indirect exposure to crypto via ETFs, mutual funds, and futures linked to cryptocurrency indices.
The firm’s entry into spot trading will place it in competition with companies like Coinbase, Robinhood, and Webull, which have long offered retail access to prominent digital currencies.
Original article : bitcoinmagazine.com