Charles Schwab Rolls Out Spot BTC, ETH Trading in U.S
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- Charles Schwab began rolling out a spot cryptocurrency trading service for U.S. retail customers, expanding its crypto offering beyond ETFs and futures.
- Charles Schwab announced on X that an initial group of clients can now trade bitcoin and ether on the Schwab Crypto platform.
- Charles Schwab’s CEO Rick Wurster had earlier said the firm planned to launch crypto trading in the first half of 2026, confirming that timeline last month.
- Charles Schwab already provides crypto exposure through exchange‑traded funds (ETFs) and futures, and now adds spot BTC and ETH trading.
- Charles Schwab serves roughly 35 million clients, whose direct access to BTC and ETH could accelerate mainstream crypto adoption.
Why it matters: Retail investors gain direct access to BTC and ETH without separate exchange accounts, while traditional crypto exchanges lose potential new users; Schwab’s 35 million client base adds a pool of retail investors, boosting trading volumes and pushing crypto toward mainstream adoption.
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