Charles Schwab integrates spot crypto trading into its $12 trillion brokerage ecosystem
MF
Marcus Fletcher
crypto IRS ruling · Apr 17, 2026
Source: DojiDoji Data Terminal
Retail investors at Charles Schwab will now pay 75 basis points on the dollar value of each trade to access direct bitcoin and ethereum trading. The offering, launched as Schwab Crypto, is being rolled out in phases starting in Q2 2026, with an early-access cohort of employees and registrants trading first.
To trade, clients must maintain a separate crypto account through Charles Schwab Premier Bank, SSB, which serves as the custodian of digital assets. Paxos, an OCC-regulated blockchain infrastructure provider, provides sub-custody and trade execution services.
While the service is integrated into the platform's existing brokerage, banking, and research infrastructure, it is available only in all US states except New York and Louisiana. Crypto holdings within these accounts are not eligible for SIPC or FDIC insurance, and clients cannot deposit BTC or ETH from external wallets.