Overview
- Schwab will open the service in phases, starting with employees, then invited clients, before a broader rollout targeted for Q2, according to CEO Rick Wurster.
- Clients will buy and sell Bitcoin and Ethereum inside existing brokerage accounts without a separate wallet, with custody and processing handled by Charles Schwab Premier Bank, SSB.
- A new Schwab Crypto page now takes sign-ups for early access, and a spokesperson told Decrypt the launch is on track for the first half of 2026 with New York and Louisiana excluded at first.
- With more than $12 trillion in client assets, Schwab says it is ready to compete with Coinbase, Robinhood, and Webull on spot crypto trading.
- The company also plans a stablecoin offering, which is a token pegged to the dollar, following passage of the GENIUS bill and pending final operational steps.