Key Takeaways
- • Charles Schwab has completed the rollout of direct Bitcoin (BTC) and Ether (ETH) trading for eligible retail clients through Schwab Crypto, charging a 0.75% fee per transaction, according to BitKE.
- • Schwab is gradually introducing cryptocurrency transfers that let eligible clients move supported assets between Schwab accounts and external wallets, with clients required to register and approve withdrawal addresses first.
- • Schwab, which manages more than $13 trillion in client assets, plans to add Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) by the end of 2026.
- • CEO Rick Wurster has identified crypto trading as a potential source of transaction-based revenue alongside other emerging investment products.
Summary
Charles Schwab has completed the rollout of direct Bitcoin and Ether trading for eligible retail clients and is now introducing cryptocurrency transfers across its brokerage platform, according to BitKE. Clients can buy and sell BTC and ETH through Schwab Crypto, which charges a 0.75% fee per transaction, and can trade digital assets alongside traditional investments via the Schwab website and mobile app.
The transfer rollout allows eligible clients to move supported cryptocurrencies between Schwab accounts and external wallets. Access is being introduced in stages, and clients must register and approve withdrawal addresses before making transfers, a control designed to limit unauthorized movement of assets.
Schwab, which manages more than $13 trillion in client assets, is preparing to broaden its offering. The firm plans to add Solana, Avalanche and Chainlink by the end of 2026, extending its range beyond Bitcoin and Ether. Chief Executive Rick Wurster has pointed to cryptocurrency trading as a potential source of transaction-based revenue alongside other emerging investment products.
The expansion places Schwab among traditional financial firms seeking to capture retail crypto demand by integrating digital assets into established brokerage services.
The transfer rollout allows eligible clients to move supported cryptocurrencies between Schwab accounts and external wallets. Access is being introduced in stages, and clients must register and approve withdrawal addresses before making transfers, a control designed to limit unauthorized movement of assets.
Schwab, which manages more than $13 trillion in client assets, is preparing to broaden its offering. The firm plans to add Solana, Avalanche and Chainlink by the end of 2026, extending its range beyond Bitcoin and Ether. Chief Executive Rick Wurster has pointed to cryptocurrency trading as a potential source of transaction-based revenue alongside other emerging investment products.
The expansion places Schwab among traditional financial firms seeking to capture retail crypto demand by integrating digital assets into established brokerage services.
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