$12 Trillion Charles Schwab Expected To Debut Spot Bitcoin And Ethereum Trading This Quarter
@CharlesSchwab is expected to launch spot $BTC and $ETH trading this quarter, bringing direct crypto access to its $12 trillion client base. CEO Rick Wurster confirmed the H1 2026 timeline, with phased rollout starting via employee testing before expanding to select clients.
Bloomberg analyst Eric Balchunas flagged that pricing below 50 basis points could pressure crypto exchanges, given Schwab already offers zero-commission stock and ETF trading. Schwab clients currently hold ~20% of all US crypto ETPs.
The launch positions Schwab alongside Fidelity, Robinhood, and Morgan Stanley's ETrade in the race for mainstream retail crypto trading. Schwab is also exploring a stablecoin and remains open to crypto acquisitions.


