Charles Schwab Launches Full Crypto Trading for All Eligible Clients
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Charles Schwab has finished the retail rollout of its direct cryptocurrency trading service, opening Schwab Crypto to every eligible client and starting to let customers move coins they already hold onto the brokerage's platform. "All clients can now access Schwab Crypto," Chief Executive Rick Wurster said during the firm's October 15 Fall Business Update webcast. The brokerage is now rolling out inbound crypto transfers and plans to add three more coins by the end of the year, according to Schwab's third-quarter earnings release. Bitcoin and Ether are the two assets available today. Solana, Avalanche and Chainlink are scheduled to join before the end of 2026, firming up the "coming months" language Schwab used in its August announcement. The service carries a 0.75% fee per trade with no added spread, and Charles Schwab Premier Bank acts as custodian while Paxos Trust Company handles sub-custody and trade execution. The step from the May launch to full availability took five months. Schwab opened a waitlist in April, gave the first retail clients Bitcoin and Ether trading in May, and named the next three assets in August. What changed on October 15 is reach and direction: the product is now open to the full eligible client base rather than a pilot group, and clients can begin transferring existing crypto onto the platform instead of only buying inside Schwab. The transfer...
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