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Charles Schwab to Roll Out Spot Bitcoin and Ethereum Trading for Retail Clients

Charles Schwab said on April 16 it plans to launch a spot cryptocurrency trading service, Schwab Crypto, that will allow retail clients to trade Bitcoin (BTC) and Ethereum (ETH) directly inside Schwab's existing investing platform. The firm said the rollout will begin in phases over the coming weeks. Eligible brokerage customers will be able to buy and hold BTC and ETH within their accounts without leaving Schwab's platform. Trading will be priced at 75 basis points, according to the release. Schwab Crypto will also include educational materials and market analysis. Schwab first disclosed plans to introduce retail crypto trading about a year ago, saying at the time it expected the platform to arrive by mid-April 2026. The launch represents a shift from Schwab's prior approach of offering crypto exposure primarily through ETFs, funds and derivatives. Schwab said it intends to expand the list of supported cryptocurrencies over time and expects to add deposit and withdrawal functionality in the future, indicating the initial product will be limited to buying and selling within Schwab's platform. Charles Schwab Premier Bank, SSB (CSPB) will provide custody services. Schwab also said it has engaged Paxos for trade execution and sub-custody. "With Schwab Crypto, investors can access familiar cryptocurrencies within an all‑in‑one investing and banking experience, backed by an ecosystem of education, tools, resources, and support so they can make informed decisions about how crypto might fit into their broader investing goals," Schwab's head of digital assets, Joe Vietri, said. Separately, Schwab noted that U.S. neobank SoFi relaunched its spot crypto trading product last November, positioning itself as the first U.S. FDIC-insured and nationally chartered bank to offer retail clients crypto trading alongside traditional banking and investing services. This article was produced with the assistance of AI workflows and curated, edited, and fact-checked by a human.
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