Schwab Opens Crypto Trading to Initial Client Group for Bitcoin and Ether
Schwab has begun allowing an initial group of clients to trade bitcoin (BTC) and ether (ETH) on the Schwab Crypto platform, marking a measured expansion of digital-asset access for the firm’s customers.
Phased Access on Schwab Crypto
The rollout to a limited cohort indicates a staged approach to launching the service, a common path for new trading products. The move adds direct crypto trading capabilities for select clients on Schwab Crypto, complementing the broader range of digital-asset investment products available in traditional brokerage accounts.
Focus on the Two Largest Cryptoassets
Bitcoin and ether are the two largest cryptocurrencies by market capitalization. Bitcoin is widely regarded as the benchmark digital asset, while ether powers the Ethereum network, a leading platform for decentralized applications and smart contracts.
Broader Industry Context
The launch comes as established financial firms continue to deepen their digital-asset offerings, reflecting sustained client interest and the maturation of crypto market infrastructure. Providing access to BTC and ETH aligns with industry practice to begin with the most liquid and widely held cryptoassets.