Schwab Enters Regulated Crypto Market with Spot Trading for BTC and ETH

Schwab has announced the launch of spot trading for Bitcoin (BTC) and Ether (ETH), making it one of the latest traditional financial institutions to enter the regulated crypto space.

The service will be available to eligible U.S. retail clients through a separate crypto account linked to their brokerage platform, with custody handled by Schwab's banking unit and trade execution facilitated through Paxos, a federally regulated trust company.

This development reflects a broader trend of traditional financial institutions embracing crypto as a regulated asset class, aligning with the growing demand for mainstream access to digital assets.