Charles Schwab, the brokerage giant that manages approximately $12 trillion in client assets, has begun rolling out its cryptocurrency spot trading service to retail clients in the United States.
A first group of customers can now exchange bitcoins and ether (ETH) on the Schwab Crypto platform, the company published on X on Tuesday.
In July last year, CEO Rick Wurster said the company planned to introduce cryptocurrency trading in the near future, with a timeline for the first half of 2026 confirmed last month.
The Westlake, Texas-based company already offers crypto investments through exchange-traded funds (ETFs) and futures trading.
The ability to trade real assets directly through a company the size of Schwab could be a key accelerator for mainstream crypto adoption.
As one of the world’s largest brokerage firms, Schwab could offer its approximately 35 million customers the ability to trade BTC and ETH in an environment they already recognize rather than having to register with a standalone crypto exchange.
