Charles Schwab Launches Spot Crypto Trading for Retail Clients in the U.S.

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Release Time: 05/13/2026 11:11:00

Summary

Charles Schwab, a brokerage firm managing approximately $12 trillion in client assets, has launched spot crypto trading for U.S. retail clients. The firm now allows customers to trade Bitcoin and Ethereum through the Schwab Crypto platform. The company announced the move on X on Tuesday. CEO Rick Wust mentioned plans for crypto trading last July, with a timeline confirmed for early 2026. Schwab already offers crypto exposure through ETFs and futures. This on-chain development could enhance visibility for crypto news and accelerate mainstream adoption. The firm’s 35 million clients can now trade BTC and ETH without needing a separate exchange.

CoinDesk reports:

Charles Schwab, a brokerage giant managing approximately $12 trillion in client assets, is launching spot cryptocurrency trading services for retail customers in the United States.

The first customers can now trade Bitcoin (BTC) and Ethereum (ETH) on the Schwab Crypto platform. The company announced this on X on Tuesday.

In July last year, CEO Rick Wuster stated that the company plans to introduce cryptocurrency trading in the near future, with the timeframe confirmed last month as the first half of 2026.

Headquartered in Westlake, Texas, the company has provided cryptocurrency investments through exchange-traded funds (ETFs) and futures trading.

The ability to trade actual assets directly through companies the size of Charles Schwab could be a key accelerator in the mainstream adoption of cryptocurrency.

As one of the world’s largest brokerage firms, Charles Schwab can offer approximately 35 million clients the opportunity to trade BTC and ETH within their familiar environment, without needing to register on a separate cryptocurrency exchange.

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