Financial services giant Charles Schwab plans to expand its digital economy significantly, announcing plans for an upcoming product that will allow customers to buy and sell cryptocurrencies directly through its platform.
The company to be revealed that “Schwab Crypto™” is developing and will be offered through Charles Schwab Premier Bank, positioning the product as a way to get traders who want direct exposure to leading cryptocurrencies such as Bitcoin. The company has opened a waiting list for customers interested in early access, although availability will depend on regulatory approval and eligibility.
The move marks Schwab’s biggest change yet they have limited access to crypto for indirect traffic. Currently, customers can access the digital currency markets using exchange traded funds (ETPs), crypto-related funds, and premium currencies. Examples include trading companies such as Coinbase, MicroStrategy, and Riot Platforms, as well as funds associated with blockchain and crypto industry performance.
All aboard Charles Schwab Bitcoin
Schwab’s foray into trading puts it in direct competition with established crypto platforms such as Coinbase, Robinhood, and Webull.
CEO Rick Wurster first indicated that the company wants to enter the crypto market by the end of 2024, referring to the expectations of changes in the administration of Donald Trump. The company was ready to move when it allowed financial institutions to participate.
Schwab is also planning additional crypto-related initiatives, including possible stablecoins following the passage of the GENIUS stablecoin bill.
A soon report from Charles Schwab found that Bitcoin’s volatility has fallen significantly, with historical volatility up to 42% in 2025 – almost half of its 2021 level – making it comparable or lower than major technology stocks such as Tesla and Nvidia.
Despite the reduced volatility, bitcoin still faces challenges, including a 32% decline in 2025 and a 50% decline in three years.
In the long run, volatility remains high compared to the past. The report shows that bitcoin is growing because it is connected to the economy, with the growing establishment of institutions and ETF activities that show increased adoption.
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