Financial services giant Charles Schwab is preparing to expand deeper into digital assets, announcing plans for a forthcoming product that will allow clients to buy and sell cryptocurrencies directly through its platform.
The firm revealed that “Schwab Crypto™” is in development and will be offered through Charles Schwab Premier Bank, positioning the product as a gateway for retail investors seeking direct exposure to leading cryptocurrencies such as Bitcoin. The company has opened a waitlist for clients interested in early access, though availability will be subject to regulatory approval and eligibility requirements.
The move marks a notable shift for Schwab, which until now has limited crypto exposure to indirect investment vehicles. Currently, clients can access digital asset markets through exchange-traded products (ETPs), crypto-related equities, and thematic funds. Examples include publicly traded firms like Coinbase, MicroStrategy, and Riot Platforms, as well as funds tied to blockchain and crypto industry performance.
All aboard the Charles Schwab Bitcoin train
Schwab’s entry into spot trading places it in more direct competition with established crypto platforms such as Coinbase, Robinhood, and Webull.
CEO Rick Wurster first signaled the firm’s intent to enter spot crypto markets in late 2024, citing expectations for a shifting regulatory environment under the administration of Donald Trump. The company has since positioned itself to move once conditions allowed for broader participation by traditional financial institutions.
Schwab is also preparing additional crypto-related products, including a potential stablecoin offering following the passage of the GENIUS stablecoin bill.
A recent report from Charles Schwab found that Bitcoin volatility has declined significantly, with historical volatility falling to 42% in 2025 — about half its 2021 level — making it comparable to or lower than major tech stocks like Tesla and Nvidia.
Despite fewer extreme swings, bitcoin still experiences sharp drawdowns, including a 32% drop in 2025 and a 50% peak-to-trough decline over three years.
Long term, volatility remains elevated versus traditional assets. The report suggests bitcoin is maturing as it integrates into mainstream finance, with growing institutional adoption and ETF developments signaling increased acceptance.
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Source: https://bitcoinmagazine.com/news/charles-schwab-direct-bitcoin-trading
