Bitcoin and Ethereum Arrive on Wall Street Giant Charles Schwab for Selected Retail Clients

Charles Schwab has began rolling out its new Schwab Crypto accounts to retail purchasers, permitting customers to commerce Bitcoin and Ethereum immediately by the platform alongside conventional investments, beginning Tuesday.

The providing is at present obtainable to most residents within the United States, though residents of New York, Louisiana, and US territories are excluded at this stage. Schwab Crypto accounts are additionally not but obtainable to worldwide customers.

Schwab Crypto Rollout

According to the announcement, the primary group of eligible purchasers can begin accessing crypto buying and selling. To open a Schwab Crypto account, customers should have already got an eligible brokerage account with the corporate. Supported account sorts embrace particular person and joint brokerage accounts, whereas further necessities reminiscent of jurisdiction-based eligibility additionally apply.

Schwab Premier Bank serves because the custodian for the most recent providing, whereas Paxos will handle commerce execution and sub-custody companies. As per the FAQs web page, Schwab Crypto plans to cost a 75-basis-point buying and selling price.

The rollout comes because the brokerage and banking agency continues increasing its presence within the crypto market. Last month, Charles Schwab introduced a devoted crypto-focused web page on its web site underneath the “Schwab Crypto” branding, in a bid to develop its choices for retail traders in search of direct publicity to digital belongings.

Founded in 1971, Charles Schwab manages roughly $12 trillion in belongings and is taken into account one of many largest banking and monetary companies organizations within the United States. But regardless of the most important TradFi growth into crypto, there have been no seen modifications within the value of the 2 high belongings as Bitcoin remained close to $80,000, whereas Ethereum traded round $2,300.

Schwab 1Q Results

Charles Schwab posted a internet earnings of $2.5 billion within the first quarter of 2026. After excluding sure transaction-related bills, adjusted revenue rose to $2.6 billion, whereas adjusted earnings per share elevated 38% year-over-year to $1.43.

Meanwhile, quarterly income was up 16% to $6.48 billion. Client belongings reached $11.77 trillion by the tip of March, up 19% from a yr earlier. Additionally, the corporate recorded $140 billion in core internet new belongings throughout the quarter and opened 1.3 million new brokerage accounts, which pushed whole shopper accounts to 47.2 million.

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