Charles Schwab manages $13.33 trillion in client assets; now offers retail Bitcoin and Ethereum trading

Charles Schwab has launched direct Bitcoin and Ethereum trading for eligible retail clients. The firm manages approximately $13.33 trillion in client assets across 40.3 million active brokerage accounts. CEO Rick Wurster stated that crypto deposit and withdrawal features are being rolled out in phases, with plans to add Solana, Avalanche, and Chainlink trading by the end of 2026. Currently, transfers are supported only on the Bitcoin and Ethereum networks, and withdrawal addresses must be pre-registered. Schwab Crypto charges a 0.75% trading fee, with transaction limits ranging from a minimum of $1 to a maximum of $2 million.