WESTLAKE, Texas - Charles Schwab has introduced cryptocurrency futures trading available nearly 24 hours a day, seven days a week on its thinkorswim platforms, according to a press release statement issued today.
The brokerage now offers select cryptocurrency futures for Bitcoin, Ether, Solana and Ripple products on all thinkorswim platforms. This marks Schwab’s first product available for trading around the clock. The expansion comes as the $154 billion market cap firm continues to solidify its position as a prominent player in the Capital Markets industry.
Schwab has expanded fractional trading capabilities across all platforms to include most U.S. stocks and ETFs, with a new minimum investment of $1. Clients can now select a dollar amount rather than number of shares directly within the trade ticket.
The company reported $12.61 trillion in total client assets and 10.3 million daily average trades in April 2026. Schwab’s financial performance remains robust, with revenue growing 21% over the last twelve months and maintaining a "GOOD" overall financial health score. According to InvestingPro analysis, the stock appears undervalued at current levels, trading at a P/E ratio of 17.7. Investors seeking deeper insights can access comprehensive analysis through one of the 1,400+ Pro Research Reports available on InvestingPro.
Additional enhancements include expected price range information for marginable securities on Schwab.com’s Research page. The Positions page now displays more fundamental data about client positions.
On Schwab Mobile, clients can adjust dividend reinvestment enrollment settings for stocks, ETFs and mutual funds through the app’s Positions page. The Options Chain screen now defaults to all expirations collapsed.
"A diverse range of clients seek out Schwab for the best-in-class trading experience we offer," said James Kostulias, Managing Director and Head of Trading Services at Charles Schwab.
Upcoming features for thinkorswim desktop include Specified Lots, allowing clients to choose which tax lots are designated for each sale through the Order Rules section. The paperMoney desktop version will add an Order Gadget providing pre-confirmation insight into individual pricing for options legs, maximum profit and loss calculations, and breakeven estimates.
Futures and futures options trading involves substantial risk and is not suitable for all investors. Futures accounts are not protected by the Securities Investor Protection Corporation.
In other recent news, Charles Schwab Corporation has made significant financial moves and received updated evaluations from analysts. The company filed a Certificate of Elimination to remove its Series I Preferred Stock, effectively altering its charter documents. Additionally, Schwab issued $2.25 billion in senior notes, with maturities set for 2030 and 2037, generating approximately $2.236 billion in net proceeds.
Analyst firms have also been active in reassessing Charles Schwab’s stock. TD Cowen raised its price target to $109, maintaining a Buy rating, following the company’s investor day and updated earnings estimates for 2026 and 2027. Piper Sandler increased its price target to $105, citing Schwab’s revised revenue guidance and expected net interest margin improvements, while maintaining a Neutral rating. Citizens reiterated its Market Outperform rating with a $120 price target, expressing confidence in the company’s expanding growth algorithm after attending Schwab’s institutional investor day. These developments reflect ongoing adjustments and expectations in Schwab’s financial strategy and market performance.
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