# Charles Schwab to launch direct spot bitcoin trading through its new platform, Schwab Crypto™.

*fintech · news · 2026-04-16 · Bitcoin Magazine*

## Key points

- Charles Schwab will launch direct spot bitcoin and ethereum trading for retail clients via Schwab Crypto.
- Paxos will provide sub-custody and trade execution for Schwab Crypto under a federally regulated trust.
- Schwab Crypto will initially charge a 75 basis point fee, competitive within the industry.
- Schwab plans to add more cryptocurrencies and enable deposit and withdrawal transfers in future phases.
- Clients can trade crypto within their existing Schwab.com, Mobile App, and thinkorswim® platforms.

**Companies:** Charles Schwab, Paxos
**Countries:** United States

[Read the full story on Bitcoin Magazine](https://bitcoinmagazine.com/news/charles-schwab-spot-bitcoin-trading)

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