# Charles Schwab plans to roll out direct spot trading for Bitcoin and Ethereum through a new platform called Schwab Crypto.

*fintech · news · 2026-04-16 · TechStartups.com*

## Key points

- Charles Schwab will launch direct spot trading for Bitcoin and Ethereum via Schwab Crypto in 2026.
- Initial rollout will exclude New York and Louisiana and limit features to basic buying and selling.
- Crypto assets will be custodied by Paxos and held in separate Schwab Crypto accounts, not brokerage accounts.
- Crypto positions in Schwab Crypto accounts will not have SIPC or FDIC protection, consistent with industry standards.
- Schwab’s move enables side-by-side trading of stocks, bonds, and crypto, challenging platforms like Robinhood.

**Companies:** Charles Schwab, Paxos, Coinbase, MicroStrategy, Riot Platforms
**Countries:** United States

[Read the full story on TechStartups.com](https://techstartups.com/2026/04/16/charles-schwab-to-launch-bitcoin-and-ethereum-trading-in-bid-to-compete-with-robinhood-and-crypto-native-platforms/)

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