Charles Schwab, one of the largest financial institutions in the world with over $10 trillion in assets under management, is preparing to take a significant step into the cryptocurrency market.
CEO Rick Wurster confirmed that the firm intends to introduce spot trading for Bitcoin and Ethereum within the coming year.
While specific dates and details remain undisclosed, this move signals a notable shift for the financial giant as it deepens its involvement in digital assets.
Wurster, who took the helm at Schwab in late 2024, had previously indicated that expanding crypto-related services would be a key part of the company’s strategy going forward.
This latest announcement aligns with that vision, and positions Schwab alongside other major asset managers entering the crypto space.
As institutional demand grows and regulatory clarity improves, Schwab’s entry into spot trading could mark a major milestone for broader adoption of Bitcoin and Ethereum among traditional investors.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/charles-schwab-plans-to-launch-bitcoin-and-ethereum-spot-trading/