Charles Schwab Begins Retail Bitcoin and Ethereum Trading Rollout

Charles Schwab explained in an April press release: “Schwab will provide direct access to and ethereum trading, combined with educational content and experienced professional support all at a great value.”

Direct trading will appear across Schwab.com, Schwab Mobile, and thinkorswim. The company also outlined plans to add more over time. Future transfer features are expected to include deposits and withdrawals, allowing clients with existing digital assets to bring them to Schwab.

Schwab Pairs Spot Access With Existing Products

Existing access at Schwab extends beyond spot trading. Clients can use exchange-traded products (ETPs), futures, options on spot ETPs, crypto-related exchange-traded funds (ETFs), mutual funds, OTC trusts, and digital asset-linked equities. Among the investments available are Coinbase (Nasdaq: COIN), Strategy (Nasdaq: MSTR), Riot Platforms (Nasdaq: RIOT), and Schwab Thematic ETF (NYSEARCA: STCE).

Investor eligibility remains limited. Schwab accounts are available in U.S. states except New York and Louisiana. They are not available in U.S. territories or international jurisdictions. Applicants remain subject to review and approval, and accounts may be restricted or closed after moves to unsupported locations. The financial giant noted:

“ETPs available at Schwab provide exposure to , cryptocurrency futures contracts, and companies that are focused on servicing the cryptocurrency market and digital assets.”

The rollout expands Schwabs existing digital asset offerings while the firm continues developing additional crypto functionality. Planned features include broader cryptocurrency support and transfer capabilities for client deposits and withdrawals. Risk disclosures accompanying the launch stated that digital assets remain speculative investments that can lose their full value.