Charles Schwab launches bitcoin and ethereum retail trading

Financial services company Charles Schwab has launched retail trading for Bitcoin and Ethereum, managing $13.33 trillion in client assets and maintaining 40.3 million active brokerage accounts. CEO Rick Wurster stated that the company is gradually enabling cryptocurrency deposit and withdrawal functions, with plans to add Solana, Avalanche, and Chainlink trading by the end of 2026. Schwab Crypto charges a 0.75% trading fee, with a per-transaction limit from $1 to $2 million. Currently, the service is not available in New York State, Louisiana, U.S. territories, or international markets.