Schwab plans spot bitcoin, ether trading launch in first half of 2026
The financial services giant with almost $12 trillion in client assets is moving closer to direct crypto trading, offering subscription for early access to the Schwab Crypto account.
What to know:
- Charles Schwab plans to launch spot cryptocurrency trading for bitcoin and ether in the first half of 2026 through its Charles Schwab Premier Bank unit.
- The firm has opened a wait list for its new Schwab Crypto account, which will let clients buy and sell the two largest cryptocurrencies alongside their traditional investments.
- Schwab is leveraging its $11.9 trillion in client assets to compete with established crypto exchanges.
The firm has opened a waitlist for clients seeking early access to what it calls a “Schwab Crypto” account, which will allow users to buy and sell the two largest cryptocurrencies. The firm will offer the service via Charles Schwab Premier Bank, SSB.
The move builds on comments from CEO Rick Wurster, who said last July that Schwab aimed to introduce crypto trading “sometime soon” in response to client demand. He framed the effort as a way to bring digital assets into the same account view as stocks and bonds in a push toward a more unified investment platform.
Schwab’s scale could give it an edge as it enters a market long dominated by crypto-native exchanges. The firm reported $11.9 trillion in client assets in 2025, offering a built-in base of retail and institutional investors who may prefer trading crypto within a familiar brokerage environment rather than using standalone platforms.
The firm already allows clients to invest in ETFs linked to cryptocurrencies and trade bitcoin futures on its platform. It also launched the Schwab Crypto Thematic Index (STCE), an ETF that tracks the performance of companies linked to the digital asset sector.
