Charles Schwab, one of the largest brokerage firms in the United States, is set to launch spot cryptocurrency trading for retail clients, focusing initially on Bitcoin (BTC) and Ether (ETH). This new offering will be integrated into Schwab's existing brokerage platform, allowing clients to trade cryptocurrencies alongside traditional assets like stocks. The service will charge a fee of 75 basis points (0.75%) per transaction, which is higher than competitors like Kraken, but comparable to Coinbase. The rollout will occur in phases, starting with eligible retail clients, excluding those from New York and Louisiana. As of February 2026, Schwab reported total client assets of $12.22 trillion, indicating its substantial market presence. The move aligns with a broader trend of traditional financial firms expanding their cryptocurrency offerings, as seen with other major players like Morgan Stanley and Goldman Sachs. Schwab aims to enhance its existing crypto services, which already include exchange-traded products and futures tied to digital assets.