$12 Trillion US Giant Charles Schwab Launches Spot Crypto Trading
BeInCrypto
Financial giant Charles Schwab is launching spot Bitcoin and Ethereum trading for retail clients, integrated directly into its existing brokerage platform.Summary
Charles Schwab is entering the spot crypto market by allowing retail clients to trade Bitcoin and Ethereum directly through its brokerage, banking, and research infrastructure. Operated by Charles Schwab Premier Bank, SSB, the platform launches in Q2 2026 with 75 basis points per trade, utilizing Paxos for custody and execution. While the service excludes New York and Louisiana and lacks SIPC or FDIC insurance, its integration into a $12 trillion asset management ecosystem poses a significant competitive challenge to existing crypto exchanges.
(Source：BeInCrypto)