Charles Schwab Launches Crypto Trading, Eyes New Revenue Streams
Charles Schwab has completed the retail rollout of direct Bitcoin and Ethereum trading, aiming to diversify its revenue.
Charles Schwab has completed the retail rollout of direct Bitcoin and Ethereum trading, aiming to diversify its revenue. Bitcoin (BTC) is trading at ₹78,38,920 ($82,296.00). This is an original Token Times brief synthesising 2 outlets (Crypto Economy, Blockonomi), plus live market data, as of Thu, 15 Oct 2026 19:00:01 UTC.
The move positions Schwab to tap into the growing crypto market, potentially opening up a significant new revenue stream while expanding access for its 48.6 million brokerage clients.
- Schwab now offers direct Bitcoin and Ethereum trading to retail clients.
- Crypto trading aims to diversify Schwab's $7.2B quarterly revenue.
- Schwab's client assets grew to $13.33T in Q3 2023.
Multiple outlets confirm that Charles Schwab has completed the retail rollout of direct Bitcoin and Ethereum trading, citing the company's Q3 business update. They agree on Schwab's Q3 revenue of $7.2 billion, a 17% increase, and client assets reaching $13.33 trillion. However, Crypto Economy emphasizes the strategic importance of crypto trading for revenue diversification, while Blockonomi focuses on the stock price decline despite strong earnings. Blockonomi also reports the addition of 1.2 million new brokerage accounts, a detail not mentioned in Crypto Economy.
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- Charles Schwab Launches Crypto Trading, Eyes New Revenue Streams — this brief
Charles Schwab has officially launched direct 
Bitcoin and 
Ethereum trading for retail clients, completing its crypto asset trading rollout as announced during the company's Q3 business update.
The initiative aims to diversify Schwab's revenue streams, which saw a 17% year-over-year increase to $7.2 billion in Q3 2023. The firm's net income reached $2.9 billion, and client assets grew by 15% to $13.33 trillion, with $190.4 billion in new inflows.
Despite these strong financial results, Schwab's stock (SCHW) experienced a 5.05% decline, closing at $91.91. This suggests potential market skepticism about the company's growth prospects or the strategic value of its new crypto offerings.
The expansion into crypto trading comes at a time when the total crypto market cap stands at $2.83 trillion, with Bitcoin and Ethereum showing modest 24-hour gains of 0.93% and 0.49%, respectively. The current market sentiment, as indicated by the Fear & Greed Index at 53 (Neutral), suggests a cautiously optimistic environment for Schwab's new venture.
Schwab's entry into crypto trading could significantly impact the market by increasing mainstream adoption and providing access to digital assets for its extensive client base of 48.6 million brokerage accounts. The company also reported adding 1.2 million new accounts in Q3, indicating continued growth in its user base.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from ₹78,37,205.85$82,278.00 to ₹78,38,920.40$82,296.00 — +0.02%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.64M (about $82,296.00), up 0.8% over 24 hours. The rupee itself trades about 10.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Charles Schwab Launches Crypto Trading, Eyes New Revenue Str — questions & answers
What cryptocurrencies does Schwab offer?
Schwab now offers direct trading of Bitcoin and Ethereum to retail clients.
How much did Schwab's revenue grow in Q3?
Schwab's Q3 revenue increased by 17% to $7.2 billion.
Why did Schwab's stock price drop?
Despite strong Q3 earnings, Schwab's stock dropped 5.05% to $91.91, possibly due to market skepticism about growth prospects or new crypto initiatives.
How much is 1 Bitcoin worth in rupee today?
About ₹8.64M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $82,296.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy, Blockonomi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.