Bitcoin and Ethereum in the first half of 2026 through the new "Schwab Crypto" account, offered via its banking branch instead of the main brokerage platform. This product will allow clients to buy and sell Bitcoin and Ethereum directly, with access linked to an existing Schwab brokerage account. A waiting list has already been opened, and the company has begun registering interested parties in preparation for a phased rollout. CEO Rick Wurster stated in March that the launch would start on a limited basis in Q2, beginning with internal testing and a small group of clients before expanding more broadly. The service will not be available in New York or Louisiana at launch, and will exclude U.S. territories and international users. Schwab Crypto accounts will be issued through Charles Schwab Bank, SSB. Digital asset holdings in these accounts are not classified as securities, are not protected by the SIPC, and are not insured by the FDIC. The decision to route digital asset trading through a banking entity rather than a brokerage account reflects ongoing regulatory restrictions in the U.S. By separating digital asset activity from traditional securities accounts, Schwab can operate within existing frameworks while avoiding classification conflicts. However, this structure imposes some limitations. Initially, clients will not be able to deposit or withdraw digital currencies; assets must be bought and sold within the Schwab environment.