"Charles Schwab is rolling out direct spot crypto trading within its brokerage platform, bringing Bitcoin and Ether exposure into an ecosystem that oversees roughly $12 trillion in client assets. Bitcoin traded near $79,000 as the rollout began for selected retail clients across Schwab.com and thinkorswim. The service is live in most U.S. states, with New York and Louisiana excluded from the initial phase."
"The significance of the move is that crypto now operates inside one of the largest traditional investment networks in the United States. Instead of requiring external crypto exchanges, investors can now access digital assets alongside stocks, ETFs, and retirement portfolios within the same brokerage environment. Schwab is charging 0.75% on each crypto trade, with Paxos handling trade execution and sub-custody while Schwab Premier Bank serves as the primary custodian."
"First noted by ETF Prime host Nate Geraci, the rollout has been widely viewed as one of the most significant Wall Street entry points for retail crypto since the approval of spot Bitcoin ETFs. It also reinforces the ongoing convergence between financial markets and digital asset infrastructure."
Charles Schwab is rolling out direct spot crypto trading within its brokerage platform, adding Bitcoin and Ether exposure for selected retail clients. The service began with Bitcoin trading near $79,000 and is live in most U.S. states, excluding New York and Louisiana in the initial phase. Crypto access is provided inside the same brokerage environment that supports stocks, ETFs, and retirement portfolios, reducing reliance on external crypto exchanges. Schwab charges 0.75% per crypto trade. Paxos handles trade execution and sub-custody, while Schwab Premier Bank acts as the primary custodian. The move is seen as a major mainstream entry point for retail crypto and reflects convergence between traditional finance and digital asset infrastructure.
Read at 24/7 Wall St.
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