Brokerage and banking firm Charles Schwab has officially launched its cryptocurrency trading platform, Schwab Crypto, to select retail customers.
On Tuesday, Postal announced that the first eligible retail investors can now trade Bitcoin (BTC), Ethereum (ETH), and other cryptocurrency-related investment products directly on the X platform.
This promotion follows Schwab’s announcement last month that it would launch the service. Phased rollout of cryptocurrency trading platform This launch marks a significant expansion into cryptocurrency-related products, as the company’s offerings were previously limited to indirect investment through exchange-traded funds and derivatives.
According to a report from April, stated that Schwab clients will maintain a separate cryptocurrency account through the Schwab Crypto platform. Charles Schwab Premier Bank serves as the cryptocurrency custodian, while blockchain infrastructure provider Paxos handles trade execution and sub-custody.
Schwab Crypto will charge a fee of 75 basis points per transaction. According to the platform’s FAQ, this cryptocurrency trading service is available in all U.S. states except New York and Louisiana.page The company also notes that not all customers qualify for cryptocurrency trading.
The Block has contacted Charles Schwab for more information.
According to Charles Schwab, as of March 31, 2026, its clients held $11.77 trillion in assets and maintained 39.1 million active brokerage accounts.Quarterly report
In the first quarter of this year, the company reported an adjusted net profit of $2.6 billion, or $1.43 per share, a 38% year-over-year increase. Its first-quarter revenue rose 16% year-over-year to $6.48 billion.