Schwab rolls out Schwab Crypto, offering spot Bitcoin and Ethereum to select U.S. clients with 0.75% fee

Charles Schwab has begun offering spot Bitcoin (BTC) and Ethereum (ETH) trading to selected U.S. retail clients through a new "Schwab Crypto" service, marking the start of a phased rollout to its customer base ^{[1] [2] [3]}.

Reporting on the live launch states that Schwab is routing execution through Paxos and charging a 75 basis-point fee on transactions, with access being expanded gradually under the company's phased transition plan ^{[2] [3]}.

Crypto Briefing noted the move extends crypto access toward Schwab's large retail footprint, reporting the firm serves about 50 million customers while emphasizing that availability is currently selective ^{[4] [3]}.

The launch represents Schwab's entry into direct spot crypto trading for retail clients, with further expansion expected as the phased rollout continues ^{[1] [2] [3]}.