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Charles Schwab Targets 2027 Crypto Spot Trading Launch for Advisors

Charles Schwab Targets 2027 Crypto Spot Trading Launch for Advisors

Schwab has added nearly 24/7 crypto futures trading on thinkorswim, including contracts tied to Bitcoin, ETH, Solana and XRP, while still targeting a likely mid-2027 advisor rollout for spot crypto trading, transfers and custody.

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Fact Check
Citywire's original reporting and Family Wealth Report's coverage of the Schwab Advisor Services Midyear Media event both confirm Jalina Kerr's statement about launching crypto spot trading for advisors via the custody platform around mid-2027. Cointelegraph and the PANews Chinese summary corroborate.
Summary

Charles Schwab has expanded its digital-asset offering by launching nearly 24/7 trading in designated cryptocurrency futures products across thinkorswim, including contracts tied to Bitcoin, ETH, Solana and XRP. The move adds to Schwab’s broader crypto push, which includes a phased retail spot trading rollout launched in April 2026 and a separate plan to bring spot crypto trading, transfers and custody to registered investment advisors around mid-2027. Schwab said it had $12.61 trillion in total client assets and processed 10.3 million daily average trades in April 2026.

Terms & Concepts
  • Crypto futures: Derivative contracts tied to cryptocurrency prices that let traders gain exposure without directly owning the underlying tokens.
  • Spot crypto: Direct buying, selling and holding of cryptocurrencies for immediate settlement rather than using derivatives or fund-based exposure.
  • CME Micro Bitcoin futures: Smaller Bitcoin futures contracts designed to lower capital requirements compared with standard-sized futures.