Financial services giant Charles Schwab is preparing to expand deeper into digital assets, announcing plans for an upcoming product that will allow customers to buy and sell cryptocurrencies directly through its platform.
Company open “Schwab Crypto™” is in development and will be offered through Charles Schwab Premier Bank, positioning the product as a gateway for retail investors seeking direct exposure to leading cryptocurrencies like Bitcoin. The company has opened a waiting list for customers interested in early access, although availability will be subject to regulatory approval and eligibility requirements.
This move represents a notable shift for Schwab, which has remained up until now It has limited exposure to cryptocurrencies for indirect investment vehicles. Currently, clients can access digital asset markets through exchange-traded products (ETPs), cryptocurrency-related stocks, and thematic funds. Examples include publicly traded companies such as Coinbase, MicroStrategy, and Riot Platforms, as well as funds tied to the performance of the blockchain and cryptocurrency industry.
Everyone aboard the Charles Schwab Bitcoin train
Schwab’s entry into spot trading puts it in direct competition with established cryptocurrency platforms such as Coinbase, Robinhood, and Webull.
CEO Rick Wurster first indicated the company’s intention to enter spot cryptocurrency markets in late 2024, citing expectations of a changing regulatory environment under the Donald Trump administration. Since then, the company has positioned itself to move as soon as conditions allow for broader participation by traditional financial institutions.
Schwab is also preparing additional cryptocurrency-related products, including a potential stablecoin offering following the passage of the GENIUS stablecoin bill.
Modern a report Charles Schwab found that Bitcoin’s volatility has declined significantly, with historical volatility falling to 42% in 2025 — about half its level in 2021 — making it comparable to or lower than big tech stocks like Tesla and Nvidia.
Despite less extreme volatility, Bitcoin still faces steep drawdowns, including a 32% decline in 2025 and a 50% peak-to-trough decline over three years.
In the long term, volatility remains high versus traditional assets. The report notes that Bitcoin is maturing as it integrates into mainstream finance, with growing institutional adoption and ETF developments indicating increased acceptance.
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