Introduction
As cryptocurrencies continue to transform global finance, investors are increasingly seeking ways to integrate crypto assets into traditional portfolios. Charles Schwab, one of the largest brokerage firms in the United States, is frequently mentioned in discussions about crypto investment opportunities. But the key question remains: Can you trade crypto with Charles Schwab?
This in-depth article explores the current status of cryptocurrency trading at Charles Schwab, alternative ways to gain exposure to crypto through the platform, comparisons with other brokerages, and what Schwab’s approach means for retail investors in 2025.
Charles Schwab: An Overview
Before diving into its crypto offerings, it’s important to understand what Charles Schwab brings to the table:
- Founded: 1971
- Headquarters: Westlake, Texas
- Core Services: Brokerage accounts, retirement planning, ETFs, mutual funds, wealth management
- Assets Under Management (AUM): Over $8 trillion (as of 2024)
- Client Base: Retail investors, institutional clients, financial advisors
Schwab is renowned for low-cost investing, cutting-edge tools, and strong customer service. However, its approach to crypto has historically been conservative.
Can You Trade Crypto Directly on Charles Schwab?
As of 2025, you cannot trade cryptocurrencies directly (like Bitcoin, Ethereum, or Solana) on the Charles Schwab platform. Schwab does not offer a built-in crypto wallet or crypto exchange functionality.
This means you cannot buy, sell, or store crypto coins directly within Schwab accounts.
However, Schwab provides indirect exposure to crypto assets through several financial instruments.
 Indirect Crypto Exposure at Charles Schwab
Here are several ways investors can gain crypto exposure through Schwab:
. Crypto-Related Stocks
Investors can buy shares of companies that are heavily involved in cryptocurrency or blockchain technologies, including:
- Coinbase (COIN): A leading U.S.-based cryptocurrency exchange
- Marathon Digital Holdings (MARA): A prominent Bitcoin mining company
- Riot Platforms (RIOT): A blockchain and Bitcoin mining firm
- Nvidia (NVDA): Designs GPUs used in crypto mining
- MicroStrategy (MSTR): Holds substantial Bitcoin on its balance sheet
. Crypto ETFs and Mutual Funds
Although Schwab doesn’t offer direct crypto trading, it does provide access to ETFs and funds related to the industry:
- ProShares Bitcoin Strategy ETF (BITO)
- Grayscale Bitcoin Trust (GBTC)
- Bitwise Crypto Industry Innovators ETF (BITQ)
- Amplify Transformational Data Sharing ETF (BLOK)
These funds don’t hold cryptocurrencies directly (except in some futures-based cases), but track companies and markets tied to the crypto ecosystem.
. Schwab Crypto Thematic ETF (STCE)
In 2023, Schwab launched its own Crypto Thematic ETF (STCE), providing diversified exposure to companies innovating in the digital asset space. This fund does not hold cryptocurrencies, but it gives investors access to:
- Blockchain technology firms
- Crypto mining operations
- Crypto asset service providers
. Futures Contracts
For advanced traders, Schwab provides access to Bitcoin futures through CME Group products. Futures trading is more complex and not recommended for beginners.
 Charles Schwab vs. Other Brokerages
Let’s compare Schwab with other major platforms:
| Feature | Charles Schwab | Robinhood | Coinbase | Fidelity | eToro |
|---|---|---|---|---|---|
| Direct Crypto Trading | No | Yes | Yes | Limited | Yes |
| Crypto Wallet | No | Yes | Yes | No | Yes |
| Crypto ETFs/Stocks Access | Yes | Yes | No | Yes | Yes |
| Futures Trading | Yes (Bitcoin) | No | Yes | Yes | No |
| Trading Fees (Stocks/ETFs) | $0 | $0 | Varies | $0 | 1% |
| Beginner Friendly | High | High | Medium | Medium | High |
While Schwab lags behind in direct crypto services, it excels in regulatory compliance, education, and traditional investment tools.
 Why Doesn’t Schwab Offer Direct Crypto Trading Yet?
There are several reasons why Schwab may be cautious:
- Regulatory Uncertainty: The SEC and other regulators are still shaping crypto laws.
- Volatility Risk: Crypto markets are highly volatile and can affect investor confidence.
- Custody and Security Concerns: Crypto assets require robust security infrastructure.
- Brand Image: Schwab targets conservative investors who may not be crypto-enthusiasts.
That said, Schwab executives have hinted at a future entry into direct crypto trading, potentially through strategic partnerships or proprietary offerings.
 How to Invest in Crypto While Using Charles Schwab
If you’re a Schwab client but want to invest directly in crypto, here’s a practical plan:
. Open a Schwab Brokerage Account
Use this for stocks, ETFs, and mutual funds. Invest in crypto-related equities or funds.
. Open a Crypto Exchange Account
Choose a reputable exchange such as:
- Coinbase
- Kraken
- Gemini
- Binance.US
. Diversify Your Portfolio
Allocate assets strategically—traditional securities through Schwab and cryptocurrencies through a dedicated crypto platform.
. Rebalance Periodically
Keep your asset allocation aligned with your risk profile and investment goals.
 Future Outlook: Will Schwab Add Crypto Trading?
There are strong indicators that Schwab is preparing to enter the crypto market more directly:
- In 2022, Schwab launched the Crypto Thematic ETF (STCE), signaling a growing interest in the space.
- In interviews, executives have mentioned that they are “actively exploring” crypto services.
- Schwab is part of the EDX Markets consortium, a crypto exchange backed by major financial institutions, which launched in 2023.
If Schwab integrates with EDX or builds its own custody solutions, direct crypto trading could become available in the near future.
 Risks and Considerations
Before investing in crypto through Schwab or external platforms, consider:
- Market Volatility
- Regulatory Risks
- Cybersecurity Threats
- Lack of FDIC/SIPC Protection for Crypto
- Scams and Fraudulent Schemes
Investors should educate themselves, use secure platforms, and only invest what they can afford to lose.
Schwab’s Crypto Education Resources
Schwab provides excellent educational materials for crypto-curious investors:
- Webinars on blockchain and digital assets
- Articles on how ETFs and futures work
- Risk management guides
- FAQs on crypto regulation
These tools help clients make informed decisions without jumping headfirst into a volatile market.
Conclusion
While Charles Schwab does not yet support direct cryptocurrency trading, it offers multiple indirect ways to participate in the digital asset revolution. From ETFs and futures to blockchain stocks, Schwab’s conservative but calculated approach provides a safer on-ramp for mainstream investors.
For now, crypto-savvy investors may choose to supplement their Schwab account with a dedicated crypto exchange. However, with the rapid pace of fintech innovation and Schwab’s involvement in crypto-focused initiatives, direct trading options may be on the horizon.
In the meantime, Charles Schwab remains a trusted platform for diversified investing—with growing crypto exposure for those who seek it.