Charles Schwab Ready To Add Spot Bitcoin, Ethereum Trading Services For Its Clients ‘Sometime Soon’ ⋆ ZyCrypto
The post Charles Schwab Ready To Add Spot Bitcoin, Ethereum Trading Services For Its Clients ‘Sometime Soon’ ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     The U.S.’s next venerable crypto exchange may have a familiar name. While speaking during a recent earnings call, Charles Schwab CEO Rick Wurster, who stepped into the new role in January, laid out plans to offer direct Bitcoin (BTC) and Ethereum (ETH) spot trading support to the financial services company’s clients “sometime soon”, as first reported by Bloomberg. Wurster foresees both BTC and ETH becoming meaningful long-term growth catalysts for Charles Schwab, which reported strong earnings for Q2 2025. The Westlake, Texas-headquartered brokerage firm with nearly $11 trillion in assets under management generated $5.8 billion in revenue, a 25% year-over-year increase, thanks to growth in trading revenue, net interest income, and asset management fees. According to Wurster, some of Schwab’s clients currently hold crypto at small crypto-native companies, but they would prefer their holdings to “sit alongside their other assets”. He also said that the brokerage’s customers hold over 20% of total assets in cryptocurrency exchange-traded funds (ETFs). Advertisement   The executive maintained that Schwab intends to continue being an “innovative” company that supports disruptive assets like Bitcoin. Wuster first teased plans to introduce spot crypto trading in November 2024 and reiterated the plans in April. At the time, he affirmed that Schwab wanted to provide services to customers who wanted to trade digital assets but was awaiting a positive regulatory catalyst. After Donald Trump’s return to the White House, Wuster stated that Schwab expected a friendlier regulatory environment to extend its crypto services. Schwab Considering Issuing Its Own Stablecoin Besides the trading services, the executive also indicated that Charles Schwab is mulling launching a stablecoin. He said his company is assessing several ways to introduce this stablecoin, suggesting openness to collaborations, in-house development, or utilizing existing blockchain infrastructure. “Stablecoins are likely to play a…
The post Charles Schwab Ready To Add Spot Bitcoin, Ethereum Trading Services For Its Clients ‘Sometime Soon’ ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement The U.S.’s next venerable crypto exchange may have a familiar name. While speaking during a recent earnings call, Charles Schwab CEO Rick Wurster, who stepped into the new role in January, laid out plans to offer direct Bitcoin (BTC) and Ethereum (ETH) spot trading support to the financial services company’s clients “sometime soon”, as first reported by Bloomberg. Wurster foresees both BTC and ETH becoming meaningful long-term growth catalysts for Charles Schwab, which reported strong earnings for Q2 2025. The Westlake, Texas-headquartered brokerage firm with nearly $11 trillion in assets under management generated $5.8 billion in revenue, a 25% year-over-year increase, thanks to growth in trading revenue, net interest income, and asset management fees. According to Wurster, some of Schwab’s clients currently hold crypto at small crypto-native companies, but they would prefer their holdings to “sit alongside their other assets”. He also said that the brokerage’s customers hold over 20% of total assets in cryptocurrency exchange-traded funds (ETFs). Advertisement The executive maintained that Schwab intends to continue being an “innovative” company that supports disruptive assets like Bitcoin. Wuster first teased plans to introduce spot crypto trading in November 2024 and reiterated the plans in April. At the time, he affirmed that Schwab wanted to provide services to customers who wanted to trade digital assets but was awaiting a positive regulatory catalyst. After Donald Trump’s return to the White House, Wuster stated that Schwab expected a friendlier regulatory environment to extend its crypto services. Schwab Considering Issuing Its Own Stablecoin Besides the trading services, the executive also indicated that Charles Schwab is mulling launching a stablecoin. He said his company is assessing several ways to introduce this stablecoin, suggesting openness to collaborations, in-house development, or utilizing existing blockchain infrastructure. “Stablecoins are likely to play a…
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