Charles Schwab has launched direct Bitcoin and Ether trading for eligible retail customers, adding crypto spot trading to its retail offering. The financial services firm said it oversees about $13.33 trillion in client assets and has 40.3 million active brokerage accounts, giving the rollout notable scale.
CEO Rick Wurster said the company is also gradually enabling crypto deposits and withdrawals. For now, transfers are available on the Bitcoin and Ethereum networks, and withdrawal addresses must be whitelisted in advance. He also said Schwab plans to add trading support for Solana, Avalanche and Chainlink by the end of 2026.
Schwab Crypto charges a 0.75% trading fee. The minimum order size is $1 and the maximum is $2 million per trade. Wurster said crypto trading is expected to become one of the company’s new transaction-based revenue sources. The platform is not currently available in New York, Louisiana, U.S. territories, or international markets, according to Bitcoin.com News.
Charles Schwab has launched direct Bitcoin and Ether trading for eligible retail clients, according to Odaily, which cited Bitcoin.com News. The company said it manages about $13.33 trillion in client assets and has 40.3 million active brokerage accounts.
Crypto transfers are being opened in stages
CEO Rick Wurster said Schwab is gradually enabling crypto deposits and withdrawals. The firm also plans to add trading for Solana, Avalanche and Chainlink by the end of 2026.
At this stage, transfers are supported only on the Bitcoin and Ethereum networks. Withdrawal addresses must be pre-registered.
Fees, limits and market access
Schwab Crypto charges a 0.75% trading fee. Trade sizes range from a minimum of $1 to a maximum of $2 million per order.
Wurster said crypto trading will become one of the company’s new sources of transaction-based revenue. The platform is not currently available in New York, Louisiana, U.S. territories, or international markets.
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