Charles Schwab announced the launch of Schwab Crypto, a new spot cryptocurrency trading offering that will roll out to retail clients in phases over the coming weeks.
The new platform will provide direct access to trading in bitcoin and ethereum, while integrating with Schwab’s broader ecosystem of investment, trading, banking, and advisory services. Clients will be able to view and trade digital assets alongside traditional investments across Schwab.com, Schwab Mobile, and thinkorswim®.
Schwab Crypto is designed to address key investor priorities identified in a recent company survey, including low and transparent pricing, brand trust, and strong asset security. The platform will offer pricing at 75 basis points per trade and include access to educational resources, research insights, and 24/7 client support.
The offering will also feature content from the Schwab Center for Financial Research and Schwab Coaching®, helping investors better understand how digital assets fit within broader portfolio strategies. Over time, Schwab plans to expand the platform by adding additional cryptocurrencies and enabling transfer capabilities for deposits and withdrawals.
Clients will maintain a separate crypto account through Schwab Crypto, offered by Charles Schwab Premier Bank, SSB, which will act as custodian for digital assets. Paxos will provide sub-custody and trade execution services, leveraging its regulated infrastructure to support secure transactions.
The launch builds on Schwab’s existing presence in digital assets, where clients already have exposure through exchange-traded products, futures, options, and crypto-related funds. The company said the new offering is intended to provide a more seamless, integrated experience for investors looking to incorporate cryptocurrencies into their portfolios.
KEY QUOTES:
“We know our clients want to conduct more of their financial lives at Schwab. With Schwab Crypto, clients who want direct access to the asset class can trade it alongside their other investments, while benefiting from the service, education, and research they expect from us.”
Jonathan Craig, Head Of Retail Investing, Charles Schwab
“With Schwab Crypto, investors can access familiar cryptocurrencies within an all-in-one investing and banking experience, backed by an ecosystem of education, tools, resources, and support so they can make informed decisions about how crypto might fit into their broader investing goals.”
“Whether you’re new to crypto and looking for a firm you know and trust, or you already own digital assets, our goal is to be the destination of choice for retail investors who want to incorporate digital assets into their portfolios with confidence.”
Joe Vietri, Head Of Digital Assets, Charles Schwab
