Charles Schwab Teases Crypto Trading for 46M Clients
Charles Schwab announced plans to introduce crypto accounts for its customers, enabling them to trade cryptocurrencies. CEO Rick Wurster previewed the initiative last month, and Schwab says the rollout would extend crypto trading capability to more than 46 million clients, though the company has not published a launch timetable or specific product features.
The move marks another sign of mainstream financial firms moving into digital assets and could widen retail access while increasing liquidity in certain markets. It will likely intensify competition among brokerages and custodians and attract regulatory attention around custody, compliance and consumer protections. For investors, the key questions will be which tokens are supported, how custody is handled, and what fees and safeguards Schwab applies once the service goes live.