Charles Schwab Launches Spot Crypto Trading for Select U.S. Retail Clients

Charles Schwab is beginning the rollout of spot cryptocurrency trading for U.S. retail customers on its Schwab Crypto platform. The initial phase grants access to a select group of clients, who can now trade bitcoin (BTC) and ether (ETH) directly. This move marks a significant entry into the retail crypto market by one of the nation's largest financial institutions.

The company has not yet announced a timeline for broader availability to all customers. Schwab's decision reflects increasing interest from mainstream financial firms in providing crypto services for individual investors, though the firm has emphasized continued focus on regulatory compliance and risk management. Further updates are expected as the rollout progresses.