Schwab to Launch Spot Bitcoin and Ether Trading in 2026

Charles Schwab, a leading brokerage services provider, announced plans to launch spot trading for bitcoin and ether in the first half of 2026. The move marks a significant step into the digital asset space for the firm, which already offers crypto-related products such as ETFs and bitcoin futures. A company spokesperson confirmed the timeline to CoinDesk, noting that the service will be available through Charles Schwab Premier Bank, SSB. Clients interested in early access can join a waitlist for a 'Schwab Crypto' account, enabling them to trade the two largest cryptocurrencies directly on the platform. The decision aligns with CEO Rick Wurster's earlier comments from July, where he expressed the company's intent to introduce crypto trading in response to growing client demand. Schwab's approach seeks to integrate digital assets seamlessly into its existing investment ecosystem, allowing clients to manage crypto alongside traditional assets like stocks and bonds. This strategy positions the firm to compete in a market currently dominated by crypto-native exchanges, leveraging its established reputation and infrastructure. With $11.9 trillion in client assets reported in 2025, Schwab's entry into spot crypto trading could attract a substantial segment of both retail and institutional investors. The firm's existing offerings, including the Schwab Crypto Thematic Index (STCE) ETF, demonstrate its commitment to diversifying its digital asset portfolio. By providing a familiar brokerage environment, Schwab aims to reduce the friction often associated with using standalone crypto platforms, potentially reshaping how investors access and manage digital assets. The launch is expected to enhance Schwab's competitive edge in the evolving financial landscape. As more traditional financial institutions explore digital asset integration, Schwab's scale and client base may give it a strategic advantage. However, the firm will need to navigate regulatory and operational challenges as it expands its crypto services. The introduction of spot trading for bitcoin and ether underscores Schwab's long-term vision for a unified investment platform that caters to the evolving needs of its clients.