Charles Schwab begins spot Bitcoin, Ethereum trading with 0.75% fee
Schwab starts spot crypto trading with a 0.75% fee. Access rolls out in phases through Q2 2026.
The brokerage will offer Schwab Crypto trading in Bitcoin and Ethereum, operated via Charles Schwab Premier Bank.
Rollout is staggered. An employee pilot comes first, then a client waitlist, then broader access in Q2 2026 CNBC. New York and Louisiana are excluded for now CNBC.
Scale is the play.
- About $1.50 trillion in assets
- Up to 46 million active brokerage clients
- 16,000 financial advisors
CNBC
Pricing undercuts Fidelity Crypto’s 1% fee with Schwab at 0.75%.
Robinhood keeps an edge on breadth. It lists 15+ coins, operates in the EU and APAC, and supports external wallet transfers. Schwab starts with just two assets.
Reports say more coins and AI tools are planned. The firm frames crypto as new revenue lines Quartz.
Earnings day backdrop. Q1 2026 net revenue rose 16% YoY to $6.48 billion, a record, but missed the $6.50 billion estimate. SCHW fell 7.70% to $92.51.
Market context. Bitcoin hit $75,000 on spot ETF inflows and ceasefire optimism. Ethereum slipped 0.75% to $2,355 after a large holder sold about 120,000 ETH (~$60 million).
