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CryptoMediumUpdated•Originally published 16 October 2026•Updated 16 October 2026•
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Charles Schwab Enables Direct Bitcoin Purchases for 40 Million Users

Key Facts

1Charles Schwab announced that all customers can now purchase Bitcoin directly.
2The move extends access to more than 40 million U.S. users.

Charles Schwab announced that all customers can now purchase Bitcoin directly. Coincu reported that the move extends access to more than 40 million U.S. users, marking a significant shift for the brokerage firm toward direct digital asset offerings.

The development allows Schwab's existing retail brokerage base to purchase spot Bitcoin within their current account relationships without onboarding to external exchanges. This expansion follows recent U.S. economic data where Michigan Consumer Sentiment was reported at 46.3 on October 9, 2026, falling short of the 47.6 forecast.

Latest Updates · 1

  1. Notable·

    Update: Charles Schwab has expanded its digital asset services to include direct Ethereum trading for retail clients alongside Bitcoin. This addition allows platform users to access the world's second-largest cryptocurrency by market capitalization within the same trading environment.