Retail Brokerage

Charles Schwa

2026-08-13 09:01:55

Charles Schwab Opens Bitcoin and Ethereum Spot Trading to Retail Clients

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.

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FxPro

2026-07-24 01:00:16

FxPro Slashes Crypto and Index CFD Spreads to Zero to Lure High-Volume Traders

FxPro eliminates spreads on Bitcoin, Ethereum and major index CFDs for Raw+ account holders, while cutting spreads on Standard accounts by up to 80%. The move targets active traders and signals a shift toward institutional-style pricing in retail brokerage.

1360

Charles Schwa

2026-07-02 04:40:14

Charles Schwab Launches Spot Bitcoin and Ethereum Trading for Retail Clients via Schwab Crypto Platform

Charles Schwab has announced plans to launch direct spot trading in bitcoin and ethereum through its new platform, Schwab Crypto, rolling out in phases over the coming weeks. The move allows retail clients to buy and sell bitcoin and ethereum alongside traditional assets like stocks and ETFs. Trading fees are set at 75 basis points, positioning Schwab at the low end of the brokerage industry. Blockchain infrastructure provider Paxos will handle sub-custody and trade execution under a federally regulated trust structure. Schwab clients already own roughly 20% of spot crypto exchange-traded products, and the new offering places the firm in direct competition with Coinbase, Robinhood, and Webull.

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