Charles Schwab is preparing to push deeper into crypto by targeting a 2027 rollout of spot trading, transfer, and custody capabilities for financial advisors on its custody platform. The move would bring direct digital asset access closer to one of the largest advisor ecosystems in US wealth management, extending Schwab’s crypto ambitions beyond its recently launched retail offering. Jalina Kerr, Managing Director of Schwab Advisor Services, said during a virtual media roundtable that the firm is aiming for a launch next year, according to Citywire. The timeline is not fixed, but Kerr indicated the project remains active and on schedule. Schwab is “on track” for next year, she said, adding that the rollout would “probably” come “more like the middle of the year.” Why This Is A Massive News For Crypto The planned product would give advisors access to spot crypto trading, transfer and custody tools through Schwab’s custody infrastructure. That is the key distinction. Schwab already moved into direct retail crypto trading this year, but an advisor-facing rollout would put crypto inside the workflows used by registered investment advisors overseeing client portfolios, rather than leaving those clients to manage exchange accounts separately or rely solely on exchange-traded crypto products. Related Reading: Coinbase To Bring Global Crypto Derivatives To US Institutions After CFTC Nod Schwab is a custody and brokerage giant. The company reported $12.61 trillion in total client assets as of April 30, 2026, along with 39.3 million active brokerage accounts. Within that, Schwab Advisor Services held roughly $5.31 trillion in client assets, underscoring the scale of the advisor channel that could eventually gain access to direct crypto tools. The advisor push follows Schwab’s April announcement of Schwab Crypto, a phased retail platform that began with spot Bitcoin and Ethereum trading. The retail offering lets eligible US clients trade BTC and ETH across Schwab.com, Schwab Mobile and thinkorswim, with a 75 basis point fee on the dollar value of each crypto trade. Schwab has also said it plans to add more cryptocurrencies over time and later introduce deposit and withdrawal transfer capabilities. Related Reading: Samsung Just Bet $408 Million On South Korea’s Top Crypto Exchange — And It’s Not Alone For now, the retail crypto account is offered by Charles Schwab Premier Bank, SSB, with Paxos providing sub-custody and trade execution services. Schwab’s disclosures also draw a clear line between crypto and traditional brokerage protections: crypto products are “not FDIC insured, not SIPC protected, not deposits, and may lose value.” Those details matter because they should not be automatically carried over to the advisor product. Schwab has confirmed the fee structure, custody setup and asset list for the retail launch, but it has not yet confirmed whether the 2027 advisor rollout will begin with only Bitcoin and Ethereum, whether pricing will match the retail 75 basis point fee, or whether Paxos will also support the advisor-side infrastructure. Notably, Schwab already gives investors access to crypto-linked products, including exchange-traded products tied to Bitcoin and Ethereum, crypto-related equities, futures, mutual funds, trusts and listed options on spot Bitcoin ETPs. But direct spot trading and custody would move Schwab closer to full-service crypto infrastructure for advisors, not just market access through securities wrappers. At press time, the total crypto market cap stood at $2.32 trillion. Featured image created with DALL.E, chart from TradingView.com
Schwab's crypto futures expansion and upcoming spot trading for advisors could significantly enhance digital asset accessibility and market engagement.
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Charles Schwab announced this week that it will begin selling Bitcoin and Ethereum directly to its 39 million brokerage clients. They will appear in the same account view as stocks, ETFs, and retirement funds, in the same app, under the same brand, one click from the S&P 500 index fund a customer bought for their […]
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Charles Schwab is charging into the crypto space with fees lower than its closest rival — and a customer base that dwarfs most financial platforms in America. Related Reading: Bitcoin Pressure Builds As Miners Dump 32K BTC In Just 3 Months A Slow Roll, Not A Full Launch The Texas-based brokerage has begun offering spot Bitcoin and Ethereum trading through its Schwab Crypto platform, operated via Charles Schwab Premier Bank. But don’t expect every customer to get access right away. The rollout starts with an internal employee pilot, moves to a client waitlist, then opens more broadly through the rest of Q2 2026. Customers in New York and Louisiana are currently left out. When it does fully open, the potential reach is staggering. Schwab manages close to $1.50 trillion in assets and holds accounts for up to 46 million active brokerage clients, served by 16,000 financial advisors. That kind of scale puts Schwab in a league of its own among brokerages now entering the crypto market. The firm set its trading fee at 0.75% — undercutting Fidelity Crypto’s 1% rate. Whether that gap is enough to pull customers from established platforms remains to be seen, but it gives Schwab a concrete edge on price. Robinhood Still Holds Some Ground Schwab won’t have the field to itself. Robinhood, which has been in the crypto trading space for years, offers more than 15 cryptocurrencies, operates in the EU and Asia-Pacific markets, and allows users to transfer crypto to external wallets. Schwab, for now, is starting with just Bitcoin and Ethereum. Reports indicate Schwab plans to add more cryptocurrencies down the line, along with AI tools, as it looks to capture a bigger share of demand from investors who want crypto alongside their traditional holdings. The brokerage described the crypto push as part of a broader effort to grow revenue sources. Earnings Miss Clouds An Otherwise Strong Quarter The crypto announcement landed on the same day Schwab posted its first-quarter 2026 results. Net revenue climbed 16% year over year to $6.48 billion — a record — but fell just short of the $6.50 billion analysts had expected. That narrow miss hit the stock hard. Shares of Schwab (NYSE: SCHW) dropped 7.70% on the day, trading at $92.51. Related Reading: Bitcoin Rally Faces First Test At $76K As Sellers Step In: Analysts Bitcoin touched $75,000 on the same day, pushed higher by strong inflows into spot ETFs and optimism around a potential US-Iran ceasefire. Ethereum moved in the opposite direction, slipping 0.75% to $2,355 after a large holder offloaded roughly 120,000 ETH — nearly $60 million worth — taking profit on a long position. Schwab’s entry adds another major name to the growing list of traditional financial institutions now offering direct access to crypto assets, bringing Bitcoin and Ethereum further into the mainstream of everyday investing. Featured image from MetaAI, chart from TradingView
Adoption of Bitcoin and Ethereum is poised to take a significant step forward as Charles Schwab introduces direct trading for both assets on its platform. As one of the largest financial institutions in the world, managing trillions in client assets, Schwab’s entry into the crypto space represents a major bridge between traditional finance and digital assets. What Schwab’s Move Means For Bitcoin And Ethereum Liquidity A $12 trillion asset, Charles Schwab, is preparing to launch direct Bitcoin and Ethereum trading for users. Crypto commentator Leolanza revealed on X that the development highlights a broader trend that traditional financial platforms are making it easier for everyday investors to buy crypto through the same systems they already use for stocks and ETFs. Related Reading: Markets On Edge: $16.4B In Bitcoin And Ethereum Options Expire Set To Today By enabling crypto trading directly within a familiar brokerage platform, Schwab is reducing friction and expanding access for more capital to flow into both BTC and ETH. The intersection between quantum computing and crypto is drawing closer, as a new blockchain has been launched specifically to resist quantum attacks. Crypto trader MANDO CT has noted that while this may sound futuristic, the risk being addressed is increasingly viewed as legitimate within the industry. Today, leading networks such as Bitcoin and Ethereum rely on encryption that is highly secure under current technological limits, but could be vulnerable in the future if a significant breakthrough in quantum computing advancements occurs. While the risk still feels distant to most investors, the groundwork to address it is already being laid. Mando CT pointed out that narratives in crypto rarely wait for full clarity until the risk becomes obvious. Instead, they tend to build gradually before reaching a tipping point. Similar to how Artificial Intelligence evolved from early signals into a dominant global trend, quantum-resistant technology could follow the same trajectory. Transforming Blockchain Into A Developer Ecosystem The evolution of blockchain technology is the progression of ideas built upon the foundations laid by Bitcoin. Analyst Dave highlighted that BTC introduced the world to a decentralized, censorship-resistant digital money that operates outside traditional financial systems. It established the core principles of sound money and financial sovereignty. Related Reading: Bitcoin And Ethereum Prices Are Struggling Again, And Here’s What’s Behind It Building on that foundation, ETH learned from BTC by adding smart contracts, enabling developers to create platforms for decentralized applications and unlocking new possibilities in programmable finance and digital assets. Cardano took these ideas further by focusing on a rigorous research-driven approach and scalability, and combining BTC’s security with ETH’s flexibility. Dave highlights its focus on sustainability, decentralized ecosystem governance by its community, scarcity, and reliability. However, a solid foundation with integrated upgradeability is not just for enterprises, but is capable of government adoption. Featured image from Pexels, chart from Tradingview.com
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Two of Wall Street’s most established financial firms, Morgan Stanley and Charles Schwab, are reportedly preparing to offer access to crypto trading. Morgan Stanley reportedly plans to roll out spot crypto trading on its E*Trade platform by 2026. To support this integration, the firm is exploring partnerships with crypto-native companies. While Morgan Stanley already offers […]
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Investment giant and financial service firm Charles Schwab appear to be eyeing crypto expansion. This move comes as the company is set to undergo a leadership transition, with Rick Wurster preparing to assume the CEO role on January 1, replacing Walt Bettinger. In a recent interview with Bloomberg, Wurster shared his thoughts on digital currencies […]
The US Bitcoin and crypto market have been on uncharted waters recently, and many are excited and optimistic. Charles Schwab, a leading financial company with $7 trillion in assets, is one of the recent companies taking an interest in this “hot industry.” Related Reading: Trump Enters The Crypto Arena With Bakkt Acquisition – Details According […]
Rick Wurster, who will take the chief executive role next year, says he still has no plans to buy crypto but wants to support Schwab clients that do.
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