Charles Schwab Launches 24/7 Cryptocurrency Futures Trading and Platform Enhancements
Charles Schwab introduces 24/7 crypto futures trading and expanded features

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Charles Schwab has introduced 24/7 cryptocurrency futures trading on its thinkorswim platform, allowing clients to trade Bitcoin, Ether, Solana, and Ripple. The brokerage also expanded fractional trading to most U.S. stocks and ETFs, with a minimum investment of $1, enhancing its trading features significantly.
- 01Charles Schwab manages $12.61 trillion in total client assets.
- 02Cryptocurrency futures for Bitcoin, Ether, Solana, and Ripple are now available for trading nearly 24/7.
- 03Fractional trading has been expanded to include most U.S. stocks and ETFs, with a minimum investment requirement lowered to $1.
- 04The thinkorswim desktop platform will feature specified lots functionality for tax lot designations.
- 05The brokerage processes an average of 10.3 million daily trades.
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Charles Schwab has announced significant enhancements to its trading platforms, including the introduction of 24/7 cryptocurrency futures trading on its thinkorswim platform. This new feature allows clients to trade futures for major cryptocurrencies such as Bitcoin, Ether, Solana, and Ripple. The brokerage, which oversees $12.61 trillion in total client assets, has also expanded its fractional trading capabilities to encompass most U.S. stocks and ETFs, reducing the minimum investment requirement to $1. Clients can now invest in dollar amounts rather than being limited to share quantities. Additional updates include new features on Schwab.com, such as expected price range information for marginable securities, and improved dividend reinvestment settings via the Schwab Mobile app. The thinkorswim desktop platform will now allow clients to specify which tax lots to sell, enhancing tax management. Furthermore, the paperMoney simulation tool will incorporate an Order Gadget that provides enhanced options pricing information and full options chain visibility. James Kostulias, Managing Director and Head of Trading Services at Charles Schwab, emphasized the company's commitment to providing a best-in-class trading experience.
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The introduction of 24/7 cryptocurrency futures trading and enhanced trading features could attract more clients and increase trading volume.
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