Schwab will introduce direct trading in the two biggest cryptos through a dedicated account, its first move into spot trading as it expands its digital asset offerings.
Charles Schwab, one of the largest US brokerage firms, will roll out spot cryptocurrency trading for retail clients in the coming weeks, starting with Bitcoin and Ether through a dedicated account linked to its brokerage platform.
According to Thursday’s announcement, the offering will allow clients to trade and view crypto alongside stocks and other assets across Schwab’s web, mobile and Thinkorswim platforms, with custody held by its banking unit and execution handled through a partnership with Paxos, a federally regulated trust company.
Schwab reported $12.22 trillion in total client assets as of February 2026, according to its latest filings, and operates as a brokerage providing trading, banking and wealth management services.
