Charles Schwab began a phased launch of spot Bitcoin and Ethereum trading for retail brokerage clients, bringing direct crypto access to a platform with about $12 trillion in client assets. Schwab Crypto will roll out in stages starting in Q2 2026, with employees and early-access registrants trading before the broader client base. Schwab set pricing at 75 basis points per trade, and Paxos provides custody, execution, and settlement. The service will not be available in New York or Louisiana, and clients cannot deposit BTC or ETH from external wallets.