Charles Schwab to Launch Bitcoin and Ethereum Spot Trading – Consolidating Traditional and Crypto Assets for Clients Trust

Charles Schwab is gearing up to introduce spot trading for Bitcoin and Ethereum, allowing clients to consolidate their crypto holdings with traditional assets. The move aims to attract clients who prefer to trust Schwab with managing their assets. CEO Rick Wurster stated that many clients currently hold minimal crypto assets with digital-native firms and wish to bring them back to Schwab due to trust. The company is looking to compete with exchanges like Coinbase in the crypto trading space and plans to launch spot Bitcoin and Ethereum trading in April 2026. Schwab has been expanding its crypto involvement amidst clearer regulations, allowing banks to engage in crypto activities like trading and custody. Institutional interest in crypto is growing, with surveys indicating that many institutions plan to increase their crypto holdings in 2025, favoring assets like XRP and Solana.

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