Charles Schwab, the U.S. financial services firm, has begun offering spot bitcoin and ethereum trading to its retail clients in phases since May 13, 2026, charging 75 basis points per trade. The company disclosed $13.1 trillion in client assets and 39.8 million brokerage accounts. Paxos is responsible for execution and sub-custody. On a July earnings call, Schwab said that the business is progressing according to plan, that it has started a pilot for crypto asset transfers, and that it has taken an equity stake in Paxos. The initial service supports only bitcoin and ethereum. It does not allow deposits or withdrawals, and it does not provide SIPC protection, except in New York and Louisiana. Schwab clients already hold roughly $25 billion in crypto ETPs. E*Trade, Morgan Stanley's brokerage arm, began trading bitcoin, ethereum, and solana on July 16 through Zerohash, with a fee of 50 basis points. Fidelity charges 1%. Coinbase's implied consumer trading fee is about 1.75%. The information comes from Forbes Digital Assets.
Forbes Digital Assets reports that Charles Schwab, the U.S. financial services company, has begun offering spot bitcoin and ethereum trading to retail clients. The phased rollout started on May 13, 2026, and the company charges 75 basis points per trade. Schwab says it has $13.1 trillion in client assets and 39.8 million brokerage accounts. Paxos is responsible for execution and sub-custody.
On a July earnings call, Schwab said the business is progressing as planned. The firm also launched a pilot for crypto asset transfers and disclosed an equity stake in Paxos.
At this stage, the service covers only bitcoin and ethereum. It does not support deposits or withdrawals, and it lacks SIPC protection, except in New York and Louisiana.
Schwab clients hold approximately $25 billion in crypto exchange-traded products. In the broader brokerage market, E*Trade, which is owned by Morgan Stanley, launched bitcoin, ethereum, and solana trading on July 16 through Zerohash, with a 50-basis-point fee. Fidelity charges 1% for similar services. Coinbase's implied consumer fee is about 1.75%.
Source: Forbes Digital Assets.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
