Charles Schwab has launched a waitlist for direct trading of Bitcoin and Ethereum, with plans to initiate a trial run in the second quarter

Charles Schwab stated that its banking subsidiary, Charles Schwab Premier Bank, will offer direct trading services for Bitcoin and Ethereum through Schwab Crypto accounts. CEO Rick Wurster mentioned that the service is planned to begin limited testing in the second quarter of 2026 and will officially launch in the first half of the year. The waiting list is currently open, and the initial service area covers most of the United States except for New York and Louisiana. Users must hold a Charles Schwab brokerage account to apply, and the service will not initially support external cryptocurrency deposits or withdrawals. As of February, Charles Schwab manages a total of $12.22 trillion in assets and has 38.9 million active brokerage accounts.