Charles Schwab Opens Direct Bitcoin and Ethereum Trading to Retail Investors

Charles Schwab has expanded its cryptocurrency services, allowing eligible retail clients to buy and sell Bitcoin and Ethereum directly through its investment platforms. The move brings digital asset trading into one of America’s largest brokerage businesses, giving traditional investors another way to access cryptocurrencies.

The company announced Schwab Crypto on April 16, 2026, before beginning a phased client rollout in May. The service is now available to eligible customers, marking a significant expansion beyond Schwab’s previous cryptocurrency investment options.

Schwab Crypto Brings Digital Assets to Traditional Investors

Previously, Schwab customers primarily accessed cryptocurrency markets through exchange-traded products, futures, and shares of crypto-related companies. These investments offered exposure to digital asset prices without requiring investors to purchase cryptocurrencies directly.

Schwab Crypto changes that arrangement by supporting direct Bitcoin and Ethereum purchases through a dedicated account. Customers can manage their digital assets alongside traditional investments using Schwab’s website, mobile application, and thinkorswim trading platforms.

The company charges a 0.75% transaction fee and advertises zero additional spread. Investors also receive access to cryptocurrency research, educational resources, advanced trading tools, and round-the-clock customer support.

However, the service operates through Charles Schwab Premier Bank rather than a standard brokerage account. Customers must maintain an eligible brokerage relationship and receive approval before opening a Schwab Crypto account.

Eligibility Restrictions Remain in Place

Although Schwab has expanded access, its cryptocurrency offering is not available to every customer. Eligible investors must reside in supported U.S. jurisdictions, and the company currently excludes residents of New York, Louisiana, and U.S. territories.

International customers also cannot open these accounts. Furthermore, cryptocurrency holdings carry risks that differ from traditional securities, including substantial price volatility and limited regulatory protections.

The initial offering focuses on Bitcoin and Ethereum, two cryptocurrencies that account for a substantial portion of the digital asset market.

Schwab Plans Further Cryptocurrency Expansion

Schwab is already preparing to broaden its digital asset lineup. In August 2026, the company announced plans to introduce Solana, Avalanche, and Chainlink trading in the coming months.

The expansion reflects growing demand for cryptocurrency access through established financial institutions. It also positions Schwab to compete more directly with specialized digital asset trading platforms.

For retail investors, the development offers a more integrated investment experience. Rather than maintaining separate relationships with traditional brokers and cryptocurrency platforms, eligible customers can manage both asset classes within Schwab’s existing ecosystem.