Key Takeaways:
- Charles Schwab plans to launch spot trading for Bitcoin and Ethereum, enabling clients to manage both crypto and traditional assets on one platform.
- Schwab aims to compete with major crypto exchanges, responding to client demand and a favorable regulatory shift allowing banks to engage in crypto services.
- Institutional interest in digital assets is rising, with many investors planning to increase crypto holdings and adopt stablecoins for payments.
Charles Schwab is preparing to launch spot trading for Bitcoin and Ethereum, aiming to let clients manage both crypto and traditional assets within a single platform.
CEO Rick Wurster highlighted growing client interest, noting that while Schwab clients already hold over 20% of the crypto ETP market, only $25 billion of Schwab’s $10.8 trillion in assets under management is in digital assets.
JUST IN: $10 trillion Charles Schwab CEO says they will launch Bitcoin trading "sometime soon" and will be competing with Coinbase 👀 pic.twitter.com/VnpHfcFed0
— Bitcoin Magazine (@BitcoinMagazine) July 18, 2025
He believes adding spot trading will accelerate Schwab’s growth and help reclaim crypto holdings from platforms like Coinbase.
The move follows eased U.S. regulations in 2025, which now allow banks to offer crypto custody and trading.
In response, Schwab expanded its crypto offerings to include Bitcoin and Ether ETFs, mutual funds, and Bitcoin options.
Wurster previously projected an April 2026 launch, driven by a 400% spike in crypto-related website traffic.
Schwab’s entry positions it to compete directly with major crypto exchanges.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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