Schwab Launches Spot Bitcoin, Ethereum Trading at 0.75% Fee for 46M Clients

Charles Schwab has fully launched spot Bitcoin and Ethereum trading via Schwab Crypto for its 46 million clients holding $11.8 trillion in assets, charging 0.75% per trade with Paxos handling execution. The rollout started April 16, 2026, with a phased introduction excluding New York and Louisiana, progressing through employee pilots, waitlists, and education resources unveiled April 20 amid Bitcoin near $75K. This intensifies competition with Robinhood and Coinbase, signaling accelerated mainstream adoption and potential retail inflows boosting BTC demand.