News about Schwab

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.