Charles Schwab has opened access to Schwab Crypto accounts this week, allowing eligible retail clients to trade spot Bitcoin and Ethereum. Previously, the firm only offered crypto exposure through ETFs, crypto-related equities, and other exchange-traded products (ETPs). The phased rollout follows a successful employee pilot and is part of a larger expansion planned for Q2. CEO Rick Wurster had indicated the firm would only enter spot trading with improved regulatory clarity, which has increased under President Donald Trump's crypto-friendly policies. Future plans include potential exposure to stablecoins and prediction markets, though the latter would focus on financial outcomes rather than sports or politics. As of Wednesday, SCHW shares are up about 1% to $91.18, while BTC and ETH have each dropped over 1%.

Key facts

• Charles Schwab opens spot Bitcoin and Ethereum trading to eligible retail clients this week.
• Previously only offered crypto exposure via ETFs, equities, and ETPs.
• Phased rollout follows employee pilot; larger expansion expected in Q2.
• CEO cites improved regulatory clarity under Trump for the move.
• Future plans include stablecoins and prediction markets focused on financial outcomes.

KeyAudit data perspective