TLDR
- Charles Schwab will launch cryptocurrency trading in the first half of 2026.
- The trading services will begin with Bitcoin and Ethereum on the Thinkorswim platform.
- The company will later expand access to Schwab.com and its mobile application.
- CEO Rick Wurster said clients want crypto to sit alongside their existing investments.
- The firm confirmed that memecoin trading will not be included in the launch.
Charles Schwab plans to introduce cryptocurrency trading in the first half of 2026. CEO Rick Wurster confirmed the rollout during the firm’s annual event for Registered Investment Advisors, emphasizing client demand for crypto alongside traditional investments. The brokerage will begin with Bitcoin and Ethereum trading to expand its digital asset services.
Charles Schwab Expands Into Digital Assets
Charles Schwab will first integrate Bitcoin trading into its Thinkorswim platform. The firm will later extend the feature to Schwab.com and its mobile app. Wurster stated that the launch will allow clients to access crypto directly within their existing investment accounts.
He said, “We want to do it thoughtfully. We want to be able to have our own books and records.” He explained that a dedicated team of technologists is developing the new system to manage crypto transactions securely.
The CEO emphasized that this development represents a new phase for Charles Schwab’s clients. He confirmed that memecoin trading will not be included in the initial rollout.
Charles Schwab will also include Ethereum trading in the upcoming release. Wurster said clients have expressed interest in owning ETH beside their other assets. He explained that Schwab aims to make crypto investing seamless and accessible through its established infrastructure.
The firm intends to provide direct support and education to crypto investors. It will guide clients on blockchain technology and digital asset management. This approach reflects Schwab’s commitment to integrating emerging financial tools responsibly.
Rick Wurster mentioned that the company will conduct pilot tests before a full rollout. The testing phase will involve small groups of clients before expanding access widely. The strategy aims to ensure smooth technical operations and user experience.
Regulatory Readiness and Industry Cooperation
Charles Schwab’s CEO stated that no regulatory barriers prevent the firm from moving forward. He acknowledged that both the OCC and FDIC have approved banks to engage in crypto-related activities. These include trading, custody, and stablecoin services.
Financial consultant Tyrone V. Toss Jr. confirmed that Schwab’s crypto launch remains on schedule. He said there is focus on ensuring the system operates efficiently from day one. Schwab intends to leverage its vast resources to guarantee reliable service.
Ric Edelman, CEO of the Digital Assets Council of Financial Professionals, is advising Schwab on the rollout. He expects further regulatory clarity soon and anticipates new legislation supporting broader participation from financial firms.
Expanding Advisor Services and Platform Support
Charles Schwab continues to strengthen its Advisor Services business, serving about 16,000 RIA companies. Wurster highlighted that the company’s focus extends beyond custody to include broader advisory support. This expansion aims to deepen relationships with independent financial advisors.
He confirmed that Schwab has enhanced its lending and alternative investment capabilities. The firm’s mutual fund platform now includes funds from nearly 60 managers without transaction fees. This growth reinforces Schwab’s position as a leading financial services provider.
Wurster also revealed the launch of Advisor ProDirect to assist breakaway advisers seeking independence. He said Schwab integrated OpenArc into its platform in September to support the largest adviser transition in the industry.
Charles Schwab currently manages around $11 trillion in client assets. The brokerage plans to leverage this scale to offer secure and efficient crypto trading. Wurster stated that the initiative would help clients integrate digital assets directly within Schwab’s ecosystem.
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