## **Schwab Crypto: TradFi Powerhouse Launches Spot Trading**
**WESTLAKE, Texas** — Charles Schwab has officially launched **Schwab Crypto™**, a new service allowing retail clients to trade **Bitcoin (BTC)** and **Ethereum (ETH)** directly alongside their traditional portfolios. Announced on **April 16, 2026**, the phased rollout marks a massive bridge between legacy finance and digital assets.
### **The Details**
* **Fees:** Schwab is undercutting competitors with a transparent commission of **0.75% (75 bps)** per trade—lower than Fidelity’s 1% rate.
* **Integration:** Investors can trade via Schwab.com, the mobile app, and the professional **thinkorswim®** platform.
* **Custody:** Assets are secured by **Charles Schwab Premier Bank, SSB**, ensuring banking-grade safety for digital holdings.
* **Phased Access:** The rollout begins with a pilot for employees and a waitlist, expanding to the broader public through **Q2 2026**.
### **What’s Next?**
While currently limited to BTC and ETH for U.S. residents (excluding NY and LA), Schwab plans to expand the asset list and enable **on-chain transfers** for deposits and withdrawals in the near future.
> **Bottom Line:** With $12 trillion in assets under management, Schwab’s entry brings unprecedented scale to the spot crypto market, signaling that digital assets have permanently arrived in the mainstream.
#CharlesSchwabtoRollOutSpotCryptoTrading