Charles Schwab To Launch Bitcoin And Ethereum Trading

CryptoProwl

Thu, April 16, 2026 astatine 9:42 AM CDT 1 min read

Financial services institution Charles Schwab (NYSE: $SCHW) is launching a caller crypto trading level arsenic it seeks to amended vie against rivals specified arsenic Robinhood (NASDAQ: $HOOD). 

Clients of Charles Schwab tin present bargain and merchantability some Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) done a caller limb called “Schwab Crypto.” 

The determination places Charles Schwab successful nonstop contention with Robinhood and different brokerages that service a younger clientele and blend banal and crypto trading. 

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Charles Schwab is 1 of the largest brokerages successful the satellite with much than $11 trillion U.S. of assets nether absorption (AUM). 

The determination by Charles Schwab comes arsenic the lines blur betwixt the accepted fiscal manufacture and integer finance. 

Chares Schwab is the latest illustration of crypto acceptance among mainstream banks, plus managers, and brokerages. 

In caller weeks, concern slope Morgan Stanley (NYSE: $MS) launched a caller spot Bitcoin exchange-traded money (ETF) and Goldman Sachs (NYSE: $GS) announced plans to bash the same. 

In a quality release, Charles Schwab said that it volition instrumentality a 0.75% interest connected each crypto trade. By comparison, Robinhood offers commission-free trading. 

SCHW banal has risen 25% implicit the past 12 months to commercialized astatine $94.53 U.S. per share.