Charles Schwab has taken a major step into the digital asset derivatives market by launching round-the-clock trading for select cryptocurrency futures on its popular thinkorswim platform.
This expansion introduces continuous trading capabilities for some of the largest digital assets, bringing mainstream institutional access to the crypto ecosystem.
The update confirms that select cryptocurrency futures, specifically Bitcoin, Ether, Solana, and XRO, are now available for clients to trade nearly 24 hours a day, seven days a week across all thinkorswim platforms.
A timeline of Schwab’s foray into crypto
Charles Schwab’s integration of cryptocurrency products has been a steady, phased process.
In 2022, Charles Schwab made a significant early move by becoming a founding investor in EDX Markets, an institutional cryptocurrency exchange backed by major Wall Street players such as Citadel Securities and Fidelity Digital Assets.
In June 2023, DX Markets officially began processing trades. The platform initially offered trading for a highly restricted list of assets, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Earlier this year, Schwab launched Schwab Crypto™, a retail spot trading service giving eligible U.S. clients direct ownership access to Bitcoin and Ethereum.
Expanding beyond spot trading, Schwab launched its first 24/7 product with the introduction of cryptocurrency futures trading on thinkorswim, covering Bitcoin, Ether, Solana, and Ripple (XRP).
In mid-2027, Schwab is reportedly targeting the middle of 2027 to launch spot crypto trading, transfer, and custody capabilities for registered investment advisors on its custody platform.
Be the first to comment