Charles Schwab's direct Bitcoin and Ethereum trading service is now available to roughly 40 million brokerage accounts as of Aug. 13, extending a rollout that began in May as the firm responded to customer demand for keeping digital assets alongside traditional holdings. Schwab Crypto, available in 48 U.S. states but not New York or Louisiana, lets clients buy and sell the two tokens on the same platform they use for stocks and bonds and charges 0.75% per trade. Charles Schwab Premier Bank acts as custodian, while Paxos, regulated by the Office of the Comptroller of the Currency, provides trade execution and sub-custody. Schwab had previously offered indirect exposure through spot crypto ETPs, futures, options and related funds, and has said it plans to expand beyond Bitcoin and Ethereum and eventually support token migration from outside wallets and exchanges. The company, which oversees more than $12 trillion in client assets, has continued to describe crypto as speculative: an April research report said even a 1% to 3% allocation to Bitcoin or Ether can add outsized portfolio risk and increase volatility. The rollout comes as Morgan Stanley opens crypto trading on E-Trade and lawmakers advance the Digital Asset Market Clarity Act, which would divide oversight between the SEC and CFTC and set federal rules for tokens, stablecoins and DeFi.