Charles Schwab Launches Schwab Crypto: Spot Bitcoin and Ethereum Trading Rolls Out to Millions of Clients

Investment giant **Charles Schwab** has released detailed plans for its new **Schwab Crypto** platform, marking a major step into direct cryptocurrency trading. Starting with a phased rollout in the coming weeks, the platform will initially offer **spot trading** only for **Bitcoin (BTC)** and **Ethereum (ETH)** — the two largest cryptocurrencies that together represent about 75% of the total crypto market capitalization.

Clients will be onboarded gradually to ensure a smooth experience. Once fully integrated, users will be able to manage their crypto, stocks, ETFs, and other investments seamlessly within a single, familiar Schwab account. This unified approach aims to provide a holistic investing experience with added educational resources and professional support.

Custody of client assets will be handled securely by **Charles Schwab Premier Bank**, while the technical infrastructure, trade execution, and sub-custody services will be powered by **Paxos**, a leading OCC-regulated blockchain infrastructure provider. Trading fees are expected to be competitive at approximately **0.75%** per transaction.

With Schwab managing around **$12 trillion** in client assets and serving millions of retail investors, this launch is seen as a significant boost for mainstream crypto adoption. It positions Schwab to compete more directly with platforms like Robinhood and Coinbase by bringing easy, regulated crypto access to traditional investors.

The announcement comes at a time when Bitcoin is trading near two-month highs and institutional interest in crypto continues to grow, potentially opening the door for even stronger inflows in the near term.

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