Charles Schwab is preparing to push deeper into crypto by targeting a 2027 rollout of spot trading, transfer, and custody capabilities for financial advisors on its custody platform. The move would bring direct digital asset access closer to one of the largest advisor ecosystems in US wealth management, extending Schwab’s crypto ambitions beyond its recently launched retail offering.
Why This Is A Massive News For CryptoSchwab is a custody and brokerage giant. The company reported $12.61 trillion in total client assets as of April 30, 2026, along with 39.3 million active brokerage accounts. Within that, Schwab Advisor Services held roughly $5.31 trillion in client assets, underscoring the scale of the advisor channel that could eventually gain access to direct crypto tools.
The advisor push follows Schwab’s April announcement of Schwab Crypto, a phased retail platform that began with spot Bitcoin and Ethereum trading. The retail offering lets eligible US clients trade BTC and ETH across Schwab.com, Schwab Mobile and thinkorswim, with a 75 basis point fee on the dollar value of each crypto trade. Schwab has also said it plans to add more cryptocurrencies over time and later introduce deposit and withdrawal transfer capabilities.
Those details matter because they should not be automatically carried over to the advisor product. Schwab has confirmed the fee structure, custody setup and asset list for the retail launch, but it has not yet confirmed whether the 2027 advisor rollout will begin with only Bitcoin and Ethereum, whether pricing will match the retail 75 basis point fee, or whether Paxos will also support the advisor-side infrastructure.
At press time, the total crypto market cap stood at $2.32 trillion.
