Schwab Opens Crypto Trading to Eligible Retail Clients

Charles Schwab has opened direct Bitcoin and Ether trading to all eligible U.S. retail clients, completing a broader rollout of its Schwab Crypto service. The brokerage is also gradually introducing transfers and plans to add three more cryptocurrencies by the end of 2026. The service lets clients buy and sell spot Bitcoin and Ether through Schwab Crypto. Schwab Premier Bank serves as custodian, while Paxos handles trade execution and subcustody. Schwab says cryptocurrency holdings are not protected by the Securities Investor Protection Corp. or insured by the Federal Deposit Insurance Corp. The service is unavailable in some jurisdictions, including New York and Louisiana, and not all applicants qualify. Transfer access is being introduced in stages, separate from the wider availability of trading. Eligible clients can move supported assets into their Schwab Crypto accounts or to external wallets as access becomes available. Schwab’s transfer procedures include registering withdrawal addresses; the company has not made the feature available to all eligible users at once. Schwab announced plans to add Solana, Avalanche and Chainlink by the end of 2026. The tokens are planned...