Charles Schwab to Enter the Crypto Trading Space By June 2026

Charles Schwab is set to launch direct cryptocurrency trading for Bitcoin and Ethereum through a new platform, 'Schwab Crypto,' before the end of June. This move leverages the firm’s substantial $12 trillion in client assets and is structured through Charles Schwab Premier Bank, SSB, indicating a cautious, compliance-driven approach. Initially, the service will exclude residents of states with strict crypto regulations like New York and Louisiana, and will only offer Bitcoin and Ethereum to mitigate risk. Experts predict this entry will inject significant capital into the crypto ecosystem and introduce new buyers to the market, while also intensifying competition with existing exchanges like Coinbase and Robinhood. Schwab previously offered indirect crypto exposure through related financial products, and this direct trading option aims to capture transaction fees and offer clients a unified platform for managing all their assets.

(Source：BeInCrypto)