Charles Schwab launches Bitcoin and Ethereum spot trading for retail clients, with assets of $13.1 trillion

Comparatively, US financial services company Charles Schwab began opening Bitcoin and Ethereum spot transactions in batches to retail customers on May 13, 2026, with a single transaction rate of 75 basis points. The company disclosed $13.1 trillion in client assets and 39.8 million brokerage accounts, with Paxos responsible for execution and sub-escrow.

At the July results conference call, Charles Schwab said that the relevant business progress was in line with the plan, launched a pilot crypto asset transfer project, and has also taken a stake in Paxos. Initially, only Bitcoin and Ethereum are supported, deposits and withdrawals are not supported, and SIPC guarantees are not provided, with the exception of New York State and Louisiana. Charles Schwab clients already hold around $25 billion in crypto ETPs.

Morgan Stanley's E*Trade launched Bitcoin, Ethereum, and Solana transactions via ZeroHash on July 16 at a rate of 50 basis points; the Fidelity rate is 1%, and the implied rate for Coinbase consumer transactions is about 1.75%.