Charles Schwab Plans to Launch Bitcoin and Ethereum Spot Trading
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.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
