Schwab Clients Can Now Trade Bitcoin and Ethereum Directly — Here’s How It Affects Their Crypto Strategy

Schwab clients now have direct access to trade Bitcoin and Ethereum through Schwab Crypto, a new feature designed to feel like an extension of their brokerage accounts rather than a separate platform. The service, powered by Paxos — the same firm that issues PayPal’s stablecoin — is part of Schwab’s broader push into the digital assets market. This move builds on the firm’s existing footprint, as Schwab clients already hold about 20% of spot crypto exchange-traded products. The firm plans to expand the offering to include more cryptocurrencies and enable deposit and withdrawal capabilities in the coming weeks.