Charles Schwab plans to launch Bitcoin, Ether spot trading, CEO says

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Charles Schwab is preparing to grow its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster.

In an interrogation with CNBC on Friday, Wurster said Schwab clients already clasp important vulnerability to crypto via exchange-traded products (ETPs), owning much than 20% of the industry’s crypto ETP market. However, helium noted that crypto inactive represents a comparatively tiny information of clients’ full wealth, astir $25 cardinal retired of $10.8 trillion.

“We expect launching Bitcoin (BTC) and Ether (ETH) sometime soon truthful that our clients person entree to that,” helium said. “We deliberation that volition beryllium an acceleration of our growth.”

The CEO claimed that galore clients presently support 98% of their wealthiness with Schwab but clasp conscionable 1% to 2% of their crypto assets with digital-native firms. “They truly privation to bring it backmost to Schwab due to the fact that they spot us. They privation america to beryllium alongside their different assets,” helium added.

Schwab to vie against Coinbase

Wurster said that Schwab is “absolutely” looking to vie against crypto exchanges similar Coinbase by introducing spot crypto trading. “If they’re buying their crypto astatine Coinbase, we would emotion to spot them bring their crypto backmost to Schwab,” helium said.

Earlier this year, Wurster said the institution expects an April 2026 motorboat window to supply spot Bitcoin trading services to Schwab clients. At the time, helium cited a 400% summation successful postulation to Schwab’s crypto website arsenic grounds of capitalist involvement successful integer assets.

Schwab has accrued its engagement successful the crypto assemblage amid increasing regulatory clarity. In 2025, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve rescinded earlier restrictive guidelines issued aft the FTX collapse. The alteration allows banks to enactment successful crypto activities specified arsenic custody and trading.

Following support from the US Securities and Exchange Commission, Schwab added Bitcoin and Ether ETFs to its platform. The institution besides provides different crypto-related products, including mixed ETFs, communal funds, and Bitcoin options, according to its website.

Institutions ramp up crypto investments

A survey conducted successful March by Coinbase and EY-Parthenon recovered that 83% of organization investors intend to summation their crypto holdings successful 2025, with galore already investing successful altcoins beyond Bitcoin and Ether.

The survey identified XRP (XRP) and Solana (SOL) arsenic the astir favored assets among respondents. It besides showed that astir expect to allocate 5% oregon much of their portfolios to cryptocurrencies this year.

Similarly, a May study by Fireblocks recovered that 90% of organization players are using oregon exploring stablecoins, with astir fractional already deploying them for payments.

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