3 days ago
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Key Takeaways:
- Schwab targets mid-2027 launch of crypto spot trading and custody for advisors.
- Retail spot Bitcoin and Ethereum trading already live through phased rollout since May 2026.
- 0.75% transaction fee with zero spread, positioning against crypto-native exchange fees.
- Advisors will be able to transfer client crypto holdings directly into Schwab custody.
- Schwab built its own internal ledger rather than white-labeling a third-party crypto vendor.
According to Yahoo Finance, Charles Schwab oversees more than $12 trillion in client assets and for years offered only indirect crypto exposure through ETFs and futures. That changed in May 2026 when the firm launched direct spot Bitcoin and Ethereum trading for retail clients through i...
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