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$10 Trillion Charles Schwab Plans to Launch Spot Crypto Trading Within Next 12 Months, Says CEO
In a shocking move, top US brokerage firm Charles Schwab has announced that it will be launching spot crypto trading within the next 12 months. This monumental decision was revealed by CEO Rick Wurster during the company’s recent 2025 Spring Business Update.
According to reports, the massive financial institution is poised to enter the market with a range of crypto-linked products and ETFs. However, this news marks a significant departure from their current offerings, as they will be providing direct digital asset trading for its clients.
“We’re seeing robust engagement with the existing crypto ETFs that can be bought in the marketplace, the closed-end funds that we make available on our platform, and Bitcoin futures, which are also available on our platform,” Wurster stated during yesterday’s address. The firm has seen an extraordinary increase in interest from prospective customers, a 400% surge in traffic to its crypto-focused web content.
Interestingly, 70% of these visitors were potential new clients, rather than existing customers. It seems that Charles Schwab is keenly aware that their brand name and trustworthiness can be leveraged to bring in new business opportunities in the competitive crypto market.
Schwab’s entry into spot trading will not only provide a significant boost to its competitive position against other brokers like Robinhood and Webull but also increase accessibility, liquidity, and legitimacy for crypto investors on its platform. The firm has taken notice of the growing interest from clients who are eager to explore new investment opportunities outside the mainstream financial sphere.
The company’s decision comes as no surprise given their recent partnership with Trump Media and Technology Group (TMTG) to launch a financial services and fintech brand called Truth.Fi. This collaboration aims to provide a range of investment products, including ETFs, separately managed accounts (SMAs), Bitcoin, and other crypto or crypto-related securities.
It is clear that Charles Schwab sees the potential in the rapidly expanding digital asset market.
Source: https://cryptobriefing.com/charles-schwab-spot-crypto-trading-2/
