Charles Schwab has officially rolled out trading for Bitcoin (BTC) and Ethereum (ETH) on its Schwab Crypto platform through Charles Schwab Premier Bank, according to the announcement made today. The phased launch will begin with an internal employee pilot, followed by a client waitlist pilot, with deeper expansion planned throughout Q2 2026 and beyond. The service will be available to up to 46 million active brokerage accounts at a competitive 0.75% fee rate.
Service Rollout and Scope
The phased launch structure includes an employee pilot stage, followed by expansion to clients on a waitlist basis, with broader availability expected in Q2 2026 and beyond. New York and Louisiana are currently exempt from the service. Charles Schwab’s announcement follows an earlier announcement made earlier this month regarding cryptocurrency integration.
Company Scale and Financial Performance
Charles Schwab, headquartered in Texas, currently manages approximately $1.48 trillion in assets under management (AUM) across up to 46 million active brokerage accounts, overseen by 16,000 advisors. The firm released its Q1 2026 earnings report on the same day as the crypto announcement. Net revenue grew 16% year-over-year to $6.48 billion, slightly missing the $6.50 billion expectation. This earnings miss caused the company’s stock (NYSE: SCHW) to drop 7.73%, trading at $92.53 at the time of reporting.
Market Context
At the time of the announcement, Bitcoin reached $75,000, driven by heightened demand in spot ETF inflows and hopes of a US-Iran ceasefire, according to CoinMarketCap. Ethereum was trading at $2,357, down 0.75%, due to heightened selling pressure following a whale transaction. An Ethereum long whale took profit by selling approximately 120,000 ETH, valued at about $59 million.
Competitive Positioning
Charles Schwab’s entry into cryptocurrency trading positions it as a competitor to established platforms. The firm’s 0.75% fee structure is competitive compared to Fidelity Crypto’s 1% fee. However, Robinhood maintains certain advantages, including offering over 15 cryptocurrencies, broader geographic reach beyond the US (operating in the EU and Asia-Pacific), and support for external wallet transfers.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BlackRock Transfers 12,080 ETH and 113 BTC to Major Institutional Custodian
Gate News message, April 24 — BlackRock transferred 12,080 ETH worth approximately $27.94 million through its Ethereum spot ETF (ETHA) and 113.342 BTC worth $8.81 million through its Bitcoin ETF (IBIT) to a major institutional custodian address approximately two hours ago (April 24), according to
GateNews4m ago
Bitcoin Holdings by Long-Term Investors Hit Record High in Q1 2026, Up 69% Despite 22% Price Decline
Gate News message, April 24 — According to a report by ARK Invest, Bitcoin holdings by long-term investors, known as "conviction buyers," reached a record high in the first quarter of 2026. BTC holdings by this investor group increased from 2.13 million to 3.6 million, representing a 69% increase in
GateNews29m ago
Crypto Trader Says Bear Market Trend Rejected Bitcoin Twice, BTC Prepares for Bullish Narrative Shift
Crypto trader says bear market trend rejected Bitcoin twice.
Bear and bull analysts continue to debate the many possible outcomes.
BTC prepares for bullish narrative shift.
The price of Bitcoin BTC continues to trade above the now critical support level of $76,000, giving rise to
CryptoNewsLand1h ago
Bitcoin Liquidation Levels: $16.66B Short Squeeze at $81,478, $16.04B Long Liquidation at $73,945
Gate News message, April 24 — According to Coinglass data, if Bitcoin breaks above $81,478, the cumulative short liquidation strength across major centralized exchanges would reach $1.666 billion.
Conversely, if BTC drops below $73,945, the cumulative long liquidation strength across major CEXs wou
GateNews2h ago
Iran Collected Strait of Hormuz Toll in Foreign Currency, Not Bitcoin
Iran's central bank announced that the first transit fee collected from ships passing through the Strait of Hormuz was paid in "cash foreign currency," contradicting earlier reports that the toll would be collected in cryptocurrency. The payment was deposited directly into bank accounts in foreign c
CryptoFrontier2h ago
