Charles Schwab has unveiled Schwab Crypto, its long-awaited cryptocurrency investing platform. The product launches in the coming weeks with a 0.75% fee on trades.
Schwab's entry into crypto trading brings bitcoin and ether access to its existing client base. The 0.75% trading fee positions the offering competitively within the retail crypto market.
The launch represents a significant step for the established brokerage, which has historically focused on traditional securities. Crypto products have become increasingly important to mainstream brokerages seeking to retain customers and capture new revenue streams.
Schwab has not disclosed additional details about the platform's features, supported cryptocurrencies beyond bitcoin and ether, or account requirements. The service will integrate with Schwab's existing account infrastructure, allowing customers to manage crypto alongside stocks and bonds.
The timing comes as institutional and retail interest in cryptocurrency remains volatile. Schwab's move signals continued confidence from major financial institutions in offering digital asset services to mainstream investors.
The SEC has postponed a plan that would have granted broad exemptions allowing US crypto firms to trade tokenized versions of stocks. The delay affects a significant expansion of crypto assets linked to traditional equities.
Kelp DAO has completed recovery of its restaked Ether token following a five-week effort to address a $293 million exploit attributed to North Korea's Lazarus Group in April.
Morgan Stanley launched a cryptocurrency trading pilot on E*Trade with lower fees than Coinbase, Robinhood, and Charles Schwab. The firm plans a broader rollout in 2026.
Crypto exchange Bullish agreed to acquire UK-based financial services outsourcing firm Equiniti from Siris Capital for $4.2 billion. The deal is expected to close in January 2027.