Charles Schwab to Offer Bitcoin and Ethereum Spot Trading

Charles Schwab announced plans to launch spot trading services for Bitcoin and Ethereum, as stated by CEO Rick Wurster, highlighting a significant expansion in their financial services.

This move could increase institutional crypto market participation, potentially boosting liquidity and engagement by offering direct access to top cryptocurrencies.

Schwab Expands into Bitcoin and Ethereum Spot Trading

Rick Wurster, CEO of Charles Schwab, confirmed the company’s upcoming launch of spot trading for Bitcoin and Ethereum. This decision aligns with Schwab’s visible expansion into the cryptocurrency space, marked by previous statements in 2024 and reiterated in their Spring 2025 Business Update. Schwab aims to establish a hub for client assets incorporating stocks, bonds, and cryptocurrencies. Institutional adoption of crypto markets will see a notable increase with Schwab’s move, positioning it opposite platforms like Coinbase. Immediate market impact includes potential for heightened liquidity and revised pricing for BTC and ETH. No official quotes from prominent figures such as Arthur Hayes or Vitalik Buterin are currently available, but observations on social channels are anticipated.

Our expectation is that with the changing regulatory environment, we are hopeful and likely to be able to launch direct spot crypto and our goal is to do that in the next 12 months and we’re on a great path to be able to do that.

“Our expectation is that with the changing regulatory environment, we are hopeful and likely to be able to launch direct spot crypto and our goal is to do that in the next 12 months and we’re on a great path to be able to do that.” — Rick Wurster, CEO, Charles Schwab

Bitcoin and Ethereum Market Data Following Schwab’s Announcement

Did you know? Charles Schwab’s foray into spot trading follows other financial giants like Fidelity and BlackRock, whose similar moves have historically triggered substantial inflows and price surges in targeted cryptocurrencies.

Bitcoin, represented by the symbol BTC, currently holds a market price of $118,138.59. According to CoinMarketCap, its market cap stands at $2.35 trillion, with a noted market dominance of 60.30%. Recent figures reveal a BTC 24-hour trading volume of $47.21 billion, reflecting a decrease of 27.22%. Its price exhibited an increase of 0.33% over the past seven days, 11.55% in 30 days, and a notable rise of 35.22% across 90 days.

The Coincu research team indicates that Schwab’s initiative may lead to enhanced regulatory clarity, fostering a smoother integration of crypto assets into traditional financial systems. Potential technological outcomes could include broadened blockchain engagement, possibly influencing governance tokens within connected DeFi platforms.