Charles Schwab’s $7.3T Platform to Add Bitcoin, Ethereum
The post Charles Schwab’s $7.3T Platform to Add Bitcoin, Ethereum appeared on BitcoinEthereumNews.com. Schwab to offer direct Bitcoin and Ethereum trading as clients push to centralize crypto holdings. Regulatory easing and rising institutional interest drive Schwab’s 2026 timeline for spot crypto access. Charles Schwab, the American multinational financial services corporation, is scheduled to introduce spot Bitcoin and Ethereum trading upon its $7.3 trillion platform. This was confirmed during a Friday CNBC interview with CEO Rick Wurster, who noted the company’s plan for more direct customer access to cryptos. Existing customers of Schwab own over 20% of the complete crypto ETP market, and this is already a considerable position in the industry. Despite all that, nearly $25 billion of the $10.8 trillion in total client assets is held in crypto. This ratio, Wurster explained, is due in part because so many clients hold their digital assets outside the firm. He observed that the majority hold only 1% to 2% of their crypto assets with homegrown crypto businesses, while they hold 98% of the remainder of their assets with Schwab. “They really want to bring it back to Schwab because they trust us. They want us to sit alongside their other assets,” said Wurster. New Regulations Shift Schwab’s Crypto Plans Schwab’s action follows a new policy for the US regulators in 2025. The Office of the Comptroller of the Currency, the Federal Reserve, and the FDIC unwound earlier restrictions that were implemented in the aftermath of the FTX meltdown. Without that regulatory overhang, the banks now find an easier entrance into the crypto markets, including the roles of custody and trading. Schwab previously offered Bitcoin and Ether exchange-traded funds as part of the offerings following approval by the U.S. Securities and Exchange Commission. They arrive within an expanded product group providing mutual funds, blended ETFs, and Bitcoin offerings. But the new plan for spot trading…
The post Charles Schwab’s $7.3T Platform to Add Bitcoin, Ethereum appeared on BitcoinEthereumNews.com.
Schwab to offer direct Bitcoin and Ethereum trading as clients push to centralize crypto holdings. Regulatory easing and rising institutional interest drive Schwab’s 2026 timeline for spot crypto access. Charles Schwab, the American multinational financial services corporation, is scheduled to introduce spot Bitcoin and Ethereum trading upon its $7.3 trillion platform. This was confirmed during a Friday CNBC interview with CEO Rick Wurster, who noted the company’s plan for more direct customer access to cryptos. Existing customers of Schwab own over 20% of the complete crypto ETP market, and this is already a considerable position in the industry. Despite all that, nearly $25 billion of the $10.8 trillion in total client assets is held in crypto. This ratio, Wurster explained, is due in part because so many clients hold their digital assets outside the firm. He observed that the majority hold only 1% to 2% of their crypto assets with homegrown crypto businesses, while they hold 98% of the remainder of their assets with Schwab. “They really want to bring it back to Schwab because they trust us. They want us to sit alongside their other assets,” said Wurster. New Regulations Shift Schwab’s Crypto Plans Schwab’s action follows a new policy for the US regulators in 2025. The Office of the Comptroller of the Currency, the Federal Reserve, and the FDIC unwound earlier restrictions that were implemented in the aftermath of the FTX meltdown. Without that regulatory overhang, the banks now find an easier entrance into the crypto markets, including the roles of custody and trading. Schwab previously offered Bitcoin and Ether exchange-traded funds as part of the offerings following approval by the U.S. Securities and Exchange Commission. They arrive within an expanded product group providing mutual funds, blended ETFs, and Bitcoin offerings. But the new plan for spot trading…
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