Charles Schwab has announced plans to launch direct trading services for Bitcoin and Ethereum through its banking subsidiary, Charles Schwab Premier Bank. The service will be available via Schwab Crypto accounts, with a limited pilot test set for the second quarter of 2026 and a full rollout expected in the first half of the year. A waitlist is now open, with initial availability across most of the U.S., excluding New York and Louisiana. To access the service, users must hold a Charles Schwab brokerage account, though external cryptocurrency deposits and withdrawals will not be supported initially. As of February, Charles Schwab managed $12.22 trillion in total assets and had 38.9 million active brokerage accounts.