Charles Schwab Begins Phased Rollout of Bitcoin and Ethereum Trading for U.S. Clients

Charles Schwab has initiated a phased rollout of direct Bitcoin and Ethereum trading for eligible U.S. retail clients. According to NS3.AI, the brokerage, which manages approximately $12 trillion in client assets, now allows users to view and manage cryptocurrencies within their existing Schwab accounts. Charles Schwab Premier Bank is responsible for custody, while Paxos handles custody and trade execution. The service imposes a fee of 0.75% per trade and currently restricts external wallet transfers. It is not yet available in New York State or Louisiana.