Charles Schwab Introduces Bitcoin and Ethereum Trading

Charles Schwab launches Bitcoin and Ethereum trading for retail clients.

Financial giant Charles Schwab has opened access to the Schwab Crypto platform for its first group of retail clients. Users can now trade Bitcoin, Ethereum, and other related assets directly.

Schwab Crypto™ accounts are now being rolled out to retail clients.

Starting today, the first group of clients can trade Bitcoin and Ethereum at Schwab, right alongside their other investments.

Sign up for updates and a chance to get early access: https://t.co/ELe1HWHS8Y pic.twitter.com/HJKbPUD7Ob

— Charles Schwab Corp (@CharlesSchwab) May 12, 2026

Previously, the company only offered indirect investments through ETFs and derivatives. The gradual rollout of the service was announced last month.

Clients will need a separate account for trading. Charles Schwab Premier Bank acts as the custodian, while the infrastructure company Paxos handles trade execution.

The transaction fee is 0.75%. The service is available in all U.S. states except New York and Louisiana. The company noted that not all client categories will have access.

As of the end of March 2026, Charles Schwab managed $11.77 trillion in assets, with 39.1 million active brokerage accounts.

In the first quarter of this year, the company’s net profit rose by 38% year-on-year to $2.6 billion. Revenue increased by 16% to $6.48 billion.

JPMorgan

Investment bank JPMorgan has filed an application with the SEC to launch the tokenized OnChain Liquidity-Token Money Market Fund (JLTXX).

The instrument will help stablecoin issuers comply with the GENIUS Act and U.S. reserve requirements.

Funds will be directed into U.S. Treasury bonds and repurchase agreements. The Kinexys Digital Assets division is responsible for the technical aspect.

Initially, JLTXX will operate solely on the Ethereum network, with plans to integrate other blockchains in the future. The exact launch date remains unknown.

Back in December 2025, JPMorgan introduced its first tokenized money market fund based on Ethereum.