Overview
- Schwab has rolled out Schwab Crypto so eligible retail clients can buy and sell spot Bitcoin and Ether inside Schwab.com, Schwab Mobile, and thinkorswim.
- Paxos handles trade execution and sub‑custody, meaning Paxos executes orders and holds the coins on Schwab’s behalf rather than Schwab holding them directly.
- The product reached full availability for eligible clients in mid‑October 2026 while crypto transfer features for moving coins in and out are being enabled in stages.
- Access excludes customers in New York and Louisiana and some client categories, and Schwab disclosed a flat 0.75% fee on trades sized between $1 million and $2 million.
- Schwab framed the offering as a commercial initiative to add transaction revenue, plans to add Solana, Avalanche and Chainlink by the end of 2026, and the launch broadens mainstream retail access to direct crypto ownership.