Charles Schwab Launches Schwab Crypto for Spot Bitcoin and Ethereum Trading on May 13

According to Decrypt, Charles Schwab launched Schwab Crypto on May 13, 2026, offering eligible U.S. retail clients direct spot trading in Bitcoin and Ethereum through Charles Schwab Premier Bank. The service is available on Schwab.com, Schwab Mobile, and the thinkorswim platform, opening crypto access to the firm's 35 million active accounts for the first time.

Schwab Crypto charges 75 basis points per trade, positioning it between Fidelity Crypto at 1% and Robinhood's variable fees of 0.03% to 0.95%. The platform does not currently support self-custody withdrawals, staking, altcoin trading, recurring purchases, or limit orders, and excludes residents of New York and Louisiana at launch. Former TD Ameritrade clients can also access crypto exposure through 11 spot Bitcoin ETFs and multiple Ethereum ETPs already available on the Schwab platform.