Bullish
Charles Schwab Spot Crypto Trading Launches for Retail with 75bps Fees
17:01
Schwab initiates phased Bitcoin and Ethereum spot trading for retail clients at 75bps fees, leveraging Paxos for execution while managing $13.1T in assets.
Woofun AI reports that Charles Schwab commenced phased spot trading for Bitcoin and Ethereum to retail clients on May 13, 2026, charging a 75 basis point expense ratio per trade. The firm manages $13.1 trillion in assets across 39.8 million brokerage accounts, utilizing Paxos for order execution and secondary custody. Initial offerings are limited to Bitcoin and Ethereum without deposit or withdrawal capabilities, and SIPC protection is excluded except in New York and Louisiana. Clients currently hold approximately $25 billion in crypto ETPs. Competitors include ETrade's 50bps fee structure via Zerohash, Fidelity's 1% rate, and Coinbase's implied 1.75% consumer transaction cost.
WOOFUN AI
Impact Assessment · Quick Read
The entry of a major traditional broker like Charles Schwab into spot crypto trading signals significant institutional validation for digital assets. With fees positioned between E*Trade and Coinbase, Schwab may attract conservative retail investors seeking regulated access. The lack of immediate custody options limits utility but reduces initial operational risk, suggesting a cautious rollout strategy.
Generated by WOOFUN AI · For reference only, not investment advice
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