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Charles Schwab announces the initiation of trading for Bitcoin and Ethereum., 2026/04/06 11:15:11
The American financial corporation Charles Schwab is set to initiate trading in Bitcoin and Ethereum in the second quarter, according to CoinDesk, citing sources.
The company has launched a waitlist on its website for early access to digital asset transactions. Trades will be executed through its subsidiary, Charles Schwab Premier Bank. To open a crypto account, an active brokerage account will be necessary.
CEO Rick Wurster indicated that the service will first be tested by company employees, after which a portion of clients will gain access. He did not rule out the possibility of the platform eventually adding support for stablecoins.
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The service will be available in most U.S. states, excluding New York and Louisiana. The product is not currently being offered in international markets.
The company clarified that Schwab Crypto users will not be able to transfer cryptocurrency to external wallets or receive funds from them during the initial phase.
Charles Schwab’s stance on the cryptocurrency market has evolved over recent years: the firm shifted from criticizing the industry in 2019 to investing in infrastructure projects, including the EDX Markets exchange.
Previously, analysts from River reported that 60% of major American banks are already offering or planning to provide clients with services related to Bitcoin, including trading and custody.
