Charles Schwab has completed the full retail rollout of Schwab Crypto, letting all eligible U.S. brokerage clients trade Bitcoin and Ether. The article stresses that these assets are held not by Schwab's broker-dealer but by Paxos Trust Company, NA under sub-custody, which places them outside SIPC and FDIC protection. The path from the April 2026 waitlist to the May 13 retail launch took less than six months, and crypto transfers are now live, with clients required to pre-register withdrawal addresses. Schwab also took an equity stake in Paxos in the second quarter of 2026. The fee section is cut off in the source text.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Schwab Crypto Opens to All Retail Clients : Assets Bypass SIPC via Paxos Sub - Custody
Read the original on techtimes.com ↗
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/15/2026 | 82,245.93 |
| Change that session | +0.69% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/15/2026 | 2,442.08 |
| Change that session | +0.85% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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