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Charles Schwab to Pilot Direct Bitcoin and Ethereum Trading Services in Q2
Charles Schwab announced that its subsidiary will offer direct trading services for Bitcoin and Ethereum through the Schwab Crypto account, with plans to test and launch in 2026. The waitlist is now open, but external cryptocurrency deposits or withdrawals are not supported.
According to Gate News, on April 5, Charles Schwab (Charles Schwab) announced that its banking subsidiary, Charles Schwab Premier Bank, will provide direct trading services for Bitcoin and Ethereum via the Schwab Crypto account. CEO Rick Wurster said the service is planned to begin limited testing in the second quarter of 2026 and officially launch in the first half of the year. The waitlist is now open, with the initial coverage including most parts of the United States, but excluding New York and Louisiana.
Users must hold a Charles Schwab brokerage account to apply for the waitlist. The service initially does not support external cryptocurrency deposit or withdrawal features. As of this February, Charles Schwab had total assets under management of $12.22 trillion and 38.9 million active brokerage accounts.
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