Charles Schwab is developing a new account called Schwab Crypto that would give clients direct access to cryptocurrency trading through Charles Schwab Premier Bank. A waitlist for early access is already open, though the launch still depends on regulatory approval and client eligibility requirements.
The move is designed to answer growing demand for direct crypto access. Up to now, Schwab clients could only get exposure through indirect routes such as exchange-traded products, crypto-related stocks, and investment funds linked to blockchain industries. If launched, the service would place Schwab alongside Coinbase, Robinhood, and Webull in offering spot trading for digital assets.
Schwab shifts from indirect exposure toward spot market access
Chief Executive Officer Rick Wurster had previously said the firm was evaluating entry into spot crypto markets. By late 2024, discussion around that path had intensified, with expectations that a changing regulatory climate and policy initiatives during Donald Trump’s administration could support broader institutional participation in crypto markets.
Schwab is also considering other digital asset products beyond spot trading. One of the ideas under review is a possible stablecoin product. That comes after legislative progress on the GENIUS stablecoin bill, which could create room for financial firms to pursue new stablecoin projects.
Research points to lower Bitcoin volatility in recent years
Research published by Schwab said the digital asset market has been shifting, with Bitcoin volatility showing a clear decline in recent years. According to the report, Bitcoin’s historical volatility fell to 42% in 2025, down sharply from 2021 and close to, or even below, some major technology stocks.
That decline has not removed large drawdowns. Schwab’s report said Bitcoin still posted a 32% drop during 2025, and at one point had fallen 50% from its peak over a three-year period. Even so, the firm’s analysis suggests Bitcoin is moving through a broader maturation process, though its long-term volatility remains above most traditional investments.
Schwab said rising institutional adoption and wider availability of products such as exchange-traded funds have helped integrate Bitcoin more deeply into mainstream finance. Broader acceptance and the prospect of stronger infrastructure were cited as factors behind the asset’s recent stability.