#SchwabCryptoGoesLive
About SchwabCryptoGoesLive
Charles Schwab officially began its phased rollout of retail spot crypto trading on May 13, starting with BTC and ETH at a flat 0.75% fee per trade. Crypto assets are custodied separately by Charles Schwab Premier Bank, independent from existing brokerage accounts. Schwab currently manages roughly $12 trillion in client assets. The service is temporarily unavailable in New York and Louisiana due to state-level regulatory requirements, with plans to expand to more tradable assets.
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🚨 BREAKING: Charles Schwab Launches Direct $BTC & $ETH Trading for Clients
Charles Schwab has officially opened the gates to direct spot crypto trading. Through its new platform, "Schwab Crypto," select eligible retail clients can now buy and sell Bitcoin and Ethereum directly within the Schwab ecosystem.
🔹 The Shift from Indirect to Direct Exposure
Previously, Schwab clients could only access crypto through ETFs or indirect financial products. This move marks a massive leap, granting direct spot trading for $BTC and $ETH right inside the traditional brokerage interface.
🔹 The Operational Model
Schwab Bank handles asset custody.
Paxos manages the trading execution and blockchain infrastructure.
Trading fees are set at approximately 0.75% per order.
🔹 Geographic Limitations
The service is currently unavailable in certain states, including New York and Louisiana.
🔹 What This Really Means
Schwab is one of the most conservative, established names in traditional U.S. finance. Their decision to offer spot crypto trading to retail clients is a powerful signal that digital assets are embedding themselves into the mainstream financial system.
💡 The Reality Check
What was once dismissed as a fringe asset class is now becoming a standard product on Wall Street. This is not speculation; it is institutional adoption in action.
$CHIP $BILL $LAB
#USCPIHits3.8% #TradeStocksOnOKX #CLARITYAct309Pages

Gateway for Millions": 39 Million Accounts Get Crypto Access
Analysts predict that Schwab's massive user base will introduce a "completely new class of buyers" to the crypto market.
#MarketOverloadWeek #SchwabCryptoGoesLive $BTC $ETH
2026/5/13 📈
Today's Newsletter
📰 News
• US PPI rose 6%, above expectations
• US appeals court pauses ruling blocking Trump’s 10% global tariff
• The U.S. Senate confirms Kevin Warsh as Federal Reserve Chair
• Charles Schwab launches spot BTC and ETH trading via Schwab Crypto
• JPMorgan Chase to launch tokenized money market fund on Ethereum
👍 Good Reads
• @yzilabs - Meet the EASY Residency Season 3 Cohort
• @Cbb0fe - How CBB Cartel & Friends Made +$40m on $XPL
🔔 New Protocols
• @baibai_cx
• @cindryprotocol
💰 Crypto Fundraising
• @elliptic (Compliance) - 120m Series D led by One Peak
• @OseroHQ (DeFi) - 13.5m Seed led by @SkyEcosystem and @Plasma
• @charmsai (AI) - 1.5m Pre-Seed
💵 Airdrops
• @superformxyz final batch of airdrop claims
🖥 Videos & Podcasts
• @Bankless - Will AI Populism Decide the 2028 Election? | Jasmine Sun
• @sharbel - How To Connect Your AI Agent To Polymarket
—
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Schwab Crypto Excludes New York and Louisiana for Now
Due to local regulatory complexities, the initial launch is unavailable to residents of NY and LA, focusing on other U.S. states first.
#MarketOverloadWeek #SchwabCryptoGoesLive $BTC

Institutional Shift: Morgan Stanley’s E*TRADE Braces for Competition
As Schwab goes live, industry experts expect a "brokerage war" as Morgan Stanley prepares its own E*TRADE crypto rollout.
#MarketOverloadWeek #SchwabCryptoGoesLive $BTC $ETH

Regulatory Milestone: CLARITY Act Boosts Schwab’s Launch
The ongoing Senate discussions on the CLARITY Act have provided the regulatory confidence Schwab needed to go live this week.
#MarketOverloadWeek #SchwabCryptoGoesLive $BTC $ETH

Paxos Partnership Powers Schwab’s New Crypto Infrastructure
The platform is utilizing Paxos technology for trade execution, ensuring institutional-grade reliability for retail users.
#MarketOverloadWeek #SchwabCryptoGoesLive $BTC $ETH

Seamless Integration: Crypto Meets Traditional Brokerage
Schwab clients can now view their Bitcoin holdings right alongside their 400(k), stocks, and bonds in a single dashboard.
#MarketOverloadWeek #SchwabCryptoGoesLive $BTC $ETH

Competitive Fees: Schwab Sets Transaction Rate at 0.75%
In a bid to compete with Coinbase and Robinhood, Schwab has introduced a competitive 0.75% fee for spot crypto trades.
#MarketOverloadWeek #SchwabCryptoGoesLive $ETH

Schwab Crypto Rollout: Bitcoin and Ethereum Lead the Way
The initial launch focuses exclusively on the two largest cryptocurrencies, catering to conservative traditional investors.
#MarketOverloadWeek #SchwabCryptoGoesLive $BTC $ETH

12 Trillion Asset Manager Enters the Crypto Arena
With over $11.7 trillion in client assets, Schwab’s entry is being hailed as a "massive liquidity injection" for the digital asset market.
#MarketOverloadWeek #SchwabCryptoGoesLive $BTC $ETH

Charles Schwab Officially Launches Spot Crypto Trading
Financial giant Charles Schwab has finally opened direct Bitcoin and Ethereum trading for its first wave of retail clients. #MarketOverloadWeek #SchwabCryptoGoesLive $BTC $ETH
+ US tech stocks hit record highs, BTC falls below $80K after PPI inflation rises to a 3-year high due to energy prices
+ Former President Trump has arrived in Beijing, will hold talks with Chairman Xi today and tomorrow
📝 ETF Spot on 05/13
+ BTC is down -$345.7M, BlackRock data not yet available
+ ETH is down -$14M, BlackRock data not yet available
+ SOL is up +$6M, XRP is up +$5.3M
+ Kevin Warsh officially takes over as Fed Chair tomorrow despite lacking support from the Democratic side
+ Top 3 French bank 🇫🇷 Societe Generale launches EUR and USD stablecoins on the Canton network to facilitate tokenized transactions
+ Top US brokerage 🇺🇸 Charles Schwab officially opens BTC and ETH trading for retail clients
+ Japanese Metaplanet 🇯🇵 prepares to issue its first preferred shares in Japan, following a strategy of paying monthly dividends
+ Jupiter partners with Bitwise to build a lending market for USDe stablecoin for institutions on Solana
+ The largest EVM bridge of the TON system, TAC, was hacked for $2.8M; the fund will sell reserve tokens to compensate for losses
+ Hyperliquid earned $11M in fees last week from perp trading, double the combined fees of Ethereum and Solana#新手成长营 #玩转策略 #创作者激励
A $12 trillion giant officially enters the market, Charles Schwab fires the first shot for "low-cost crypto trading"
Traditional asset management giants are finally no longer just "spectators."
Charles Schwab recently took a historic step by gradually launching the "Schwab Crypto" service to eligible U.S. retail clients, directly supporting trading of Bitcoin and Ethereum. This marks a further narrowing of the channel between Wall Street's trillion-dollar old money and the native crypto world.
The strategic significance behind the minimalist product
Unlike previous indirect exposure through ETFs, this service allows users to directly view and manage crypto assets within their existing Schwab accounts. Custody is handled by Schwab's affiliated bank, and underlying execution is entrusted to the established compliant institution Paxos. Notably, the fee is set at 0.75% per transaction. Although it does not support external wallet deposits or withdrawals, it is sufficiently competitive for mainstream retail investors who hold coins long-term and seek compliant convenience.
Industry impact: fees, compliance, and competitive landscape
1. The "0.75%" catfish effect. Mainstream exchanges like Coinbase typically charge basic fees ranging from 0.6% (taker) to several percentage points for ordinary users. Schwab’s near "cost-price" entry may force further commission compression across the industry.
2. Custody trust endorsement. Asset segregation within the banking system directly addresses retail investors’ concerns about exchanges misappropriating assets and lack of FDIC protection, creating a compliance moat that pure exchanges cannot match.
3. The "internal circulation" of $12 trillion in assets. Schwab manages about $12 trillion in client assets, whose clients already hold approximately 20% of the U.S. spot crypto ETF market. Opening direct investment now converts existing crypto demand from ETF products into account-held assets, greatly increasing stickiness.
Currently, the service does not cover New York and Louisiana and is still in the compliance ramp-up phase. But it is foreseeable that when traditional asset management giants move from "selling water" to "mining," the battle for the underlying infrastructure of crypto trading will just be entering a truly mainstream turning point.
#在OKX交易美股:从英伟达到SpaceX
$ETH

American financial services giant Charles Schwab has begun gradually rolling out the “Schwab Crypto” service to eligible U.S. retail customers, allowing users to directly trade Bitcoin and Ethereum.
According to official information, users can view and manage crypto assets directly through their existing Schwab accounts. Custody is handled by Charles Schwab Premier Bank, while Paxos provides underlying custody and trade execution services. The platform charges a trading fee of 0.75% per transaction amount and currently does not support deposits or withdrawals to external wallets. Additionally, this service is not yet available to residents of New York and Louisiana. Charles Schwab currently manages approximately $12 trillion in client assets, with its clients holding about 20% of the assets in U.S. spot crypto ETFs.
Major positive news! A US giant officially enters the spot crypto market
The US trillion-dollar financial giant Charles Schwab launches spot crypto trading services, enabling direct trading of Bitcoin and Ethereum. Leveraging its $12 trillion in client assets and clients holding 20% of the US spot crypto ETF shares, a massive influx of traditional capital will accelerate entry.
Dual custody compliance guaranteed by bank + Paxos, with a trading fee of 0.75%. Although wallet transfers are not yet supported and some states are not open, this marks a full embrace of crypto markets by traditional finance, creating long-term substantial benefits for BTC and ETH, and is expected to drive incremental capital inflows. $BTC $ETH $ETH #VolatilityRadar: Coin Movement Watch #OKX星球话题来啦 @OKX中文 @OKX成长学院 @OKX星球
Last night before going to bed, I checked the market; BTC was still hovering above 79,000, thinking it could finally catch a break today. But when I woke up this morning and checked the news—Charles Schwab has actually opened BTC and ETH spot trading to US retail investors.
To be honest, my first reaction wasn’t excitement, but a chill down my spine.
This traditional brokerage giant managing $4 trillion in assets isn’t entering the market to give money to retail investors. Behind them are quantitative systems, pension fund clients, and institutional risk control models—they’re here to take from the market. Remember in 2020 when retail investors thought institutions were on their side? What about the GameStop siege? Now it’s the crypto world’s turn.
Last night $BTC was still fluctuating around 79,000, and $ETH showed even less momentum. A few veteran retail investors I know are all saying the same thing: the arrival of institutions isn’t a good sign.
What they’re buying isn’t "faith," but "calculable returns." If you have the skill, hedge along with the institutions’ rhythm; if not, it’s better to switch tracks early.
What do you think—does Charles Schwab opening spot trading this time represent an opportunity for retail investors, or have the institutions already sharpened their harvesting sickles?
#星球日报 <05.14>
📊 Market Update ↓
$BTC $79,632.9 📉 -1.71%
$ETH $2,264.37 📉 -1.09%
$DOGE $0.11468 📈 +3.40%
🌟 Today's Key Highlights:
① Warsh 54-45 confirmed as Fed Chair · June rate hike probability 39% · BTC momentum drops to $79K · PPI +1.4% MoM marks largest monthly increase since 2022 · CPI + PPI inflation double impact
② Trump meets Xi Jinping in Beijing with Jensen Huang, Musk, and Fink · Nasdaq +1.20% hits all-time high · BTC decouples from stock market stuck at $80K
③ CLARITY Act Senate review today at 10:30 ET · BTC ETF net outflow $233 million in one day · XRP ETF Goldman holdings $154 million · DPRK cumulative theft $6.75 billion
🔥 Hot Topics on the Planet: (Planet - Discover - Trending Topics)
❶ CLARITY Act committee vote today
➋ Charles Schwab opens crypto trading
➌ US CPI + PPI both exceed expectations: inflation pressure rises
❹ Warsh Fed era: significantly raised rate cut threshold
📢 Important Announcement: OKX x PROS Spot Trading Contest: Trade to share 600,000 PROS https://www.okx.com/zh-hans/help/okx-x-pros-spot-trade-to-earn-trade-and-share-600-000-pros





