Charles Schwab begins rollout of Bitcoin and Ethereum trading to 38.9M accounts

Schwab will add spot trading for Bitcoin and Ethereum in H1 2026. Rollout starts in Q2 via its Premier Bank unit, outside the brokerage account workflow. Schwab Crypto | announcement

Title: Schwab to launch spot BTC and ETH trading in H1 2026

- Product scope: direct Bitcoin and Ethereum trading only at launch. No other coins announced. Schwab Crypto

- Structure: separate account at Charles Schwab Premier Bank, SSB. Not inside the existing brokerage account. Schwab Crypto

- Protections: no SIPC or FDIC coverage for held crypto. Schwab flags this in disclosures. Schwab Crypto

- Rollout: internal employee pilot first. Then a small waitlist cohort from Schwab’s crypto page. Broader access through H1 2026. Schwab Crypto | announcement

- Geography: available in the U.S. except New York and Louisiana at launch. Schwab Crypto

- Features at launch: basic buy and sell only. No external deposits. No withdrawals to self-custody. No staking, recurring buys, or limit orders. Fees not yet disclosed. Schwab Crypto

- Platform context: users will trade crypto alongside traditional assets on Schwab’s platform, which manages about $11.9T per public reporting. announcement