Charles Schwab Enters Cryptocurrency Market with Direct Spot Trading

Charles Schwab is making a significant move into the cryptocurrency market by launching direct spot trading for Bitcoin and Ethereum. This new service, called Schwab Crypto, will allow its 38.9 million active brokerage clients to buy, hold, and trade real BTC and ETH.

The rollout of Schwab Crypto is expected to take place in Q2 2026, with a phased approach that includes internal testing, limited access for select clients, and eventually full access for all eligible brokerage accounts. The service will be run through Charles Schwab Premier Bank, SSB, which is regulated by the banking authorities.

The introduction of Schwab Crypto is seen as a significant development in the cryptocurrency market, with the potential to attract mainstream investors who are looking for a trusted and secure way to invest in cryptocurrencies.