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Charles Schwab Ready To Add Spot Bitcoin, Ethereum Trading Services For Its Clients ‘Sometime Soon’
By Brenda Ngari – July 18, 2025
In a recent earnings call, Charles Schwab CEO Rick Wurster unveiled plans to offer direct Bitcoin (BTC) and Ethereum (ETH) spot trading support to the financial services company’s clients “sometime soon”. This move marks a significant step towards furthering its crypto-related offerings.
Wurster emphasized that he envisions both BTC and ETH becoming meaningful long-term growth catalysts for Charles Schwab. The brokerage firm has recently seen impressive gains, with $5.8 billion in revenue generated during Q2 2025 – a 25% year-over-year increase. This substantial growth can be attributed to increased trading revenue, net interest income, and asset management fees.
Interestingly, Wurster mentioned that some of Schwab’s clients currently hold crypto assets at smaller companies specializing in digital currencies, but these individuals would prefer their holdings to “sit alongside their other assets”. He further highlighted that a significant portion of the brokerage firm’s clients – over 20% – already invest in cryptocurrency exchange-traded funds (ETFs).
Wurster stressed Charles Schwab’s commitment to being an innovative company, one that supports disruptive assets like Bitcoin. This statement is consistent with previous statements made by the CEO, who initially hinted at introducing spot crypto trading services back in November 2024 and reaffirmed these plans during April.
In a bid to capitalize on the expected favorable regulatory environment following Donald Trump’s return to the White House, Wurster expressed his anticipation for a more permissive regulatory landscape.
Source: zycrypto.com
