Charles Schwab now allows its retail clients to buy and sell Bitcoin and Ethereum directly. The service, called Schwab Crypto, launched on April 16, 2026 and became fully available on October 15-16, 2026 for eligible clients. The platform serves a base of 40.1 million retail investors and charges a flat 0.75% fee on trades valued between $1 and $2 million. New York and Louisiana are excluded from the service, and Schwab plans to add Solana, Avalanche, and Chainlink by the end of 2026. The firm manages approximately 40.3 million active brokerage accounts holding $13.33 trillion in client assets.
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