Charles Schwab, the financial services giant managing $12 trillion in client assets, plans to launch direct trading for Bitcoin and Ethereum by the end of June 2026. The move represents a significant entry by traditional finance into cryptocurrency markets, potentially disrupting the dominance of crypto-native exchanges.
The firm will offer direct trading services for the two largest cryptocurrencies, though specific details about fees, custody arrangements, or minimum investment amounts have not been disclosed. The timeline places Schwab's launch amid a challenging period for the crypto industry.