Charles Schwab Enters Crypto Trading Market

Charles Schwab is set to launch direct cryptocurrency trading, allowing clients to buy bitcoin and ethereum through a new platform called Schwab Crypto, according to the company.

The move aims to meet growing investor demand and compete with platforms like Robinhood, which have attracted younger users. Schwab said clients will be able to manage crypto investments alongside traditional assets within its ecosystem.

Charles Schwab is rolling out direct spot crypto trading through "Schwab Crypto."

The platform, with Paxos handling custody and execution, will offer $BTC and $ETH at 75 bps per trade.@jamieCrypto has more👇 https://t.co/9LdmbRTwzQ pic.twitter.com/zxc5mhVXJ2

— Bitcoin.com News (@BitcoinNews) April 16, 2026

According to company officials, Schwab is partnering with Paxos to handle custody, with crypto holdings kept in separate accounts. The service is expected to roll out in the coming weeks.

Executives said the initiative reflects rising interest in digital assets among Schwab’s customer base. Shares of the company fell about 2% following its latest earnings report.

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tippinsightsTIPP Staff