Charles Schwab has announced plans to roll out spot cryptocurrency trading to retail clients, marking a further expansion into digital assets.

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This follows earlier developments in the US market. Last year, SoFi resumed crypto trading for retail clients, becoming the first national bank to restore access under a revised regulatory framework.

At the time, several major institutions, including Morgan Stanley and PNC Financial Services, were preparing similar launches, reflecting a move toward direct crypto offerings.

Bitcoin, Ethereum Trading Coming to Schwab

The company said its new offering, Schwab Crypto, will begin a phased launch in the coming weeks. It will initially provide direct access to trading in Bitcoin and Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term. These two assets account for a large share of the overall crypto market.

The service will be integrated into Schwab’s existing platforms. Clients will be able to view and trade cryptocurrencies alongside traditional investments. The firm also plans to provide educational materials and continuous customer support.

Jonathan Craig, Head of Retail Investing at Schwab, said clients are seeking broader access within a single platform. He stated, “We know our clients want to conduct more of their financial lives at Schwab.”

He added that the new service allows clients to “trade it alongside their other investments,” while using Schwab’s existing tools and research.

JUST IN: Charles Schwab launches direct trading of Bitcoin and Ethereum

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Crypto Accounts Linked to Brokerage Accounts

The company said pricing will be set at 75 basis points per transaction. It also plans to expand the range of available digital assets over time and introduce transfer capabilities for deposits and withdrawals.

Schwab clients will open a separate crypto account linked to their brokerage account. Custody will be handled by Charles Schwab Premier Bank, SSB, while Paxos will provide sub-custody and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services.

Schwab said the launch builds on existing client exposure to digital asset products, including exchange-traded products and derivatives tied to cryptocurrencies.