Charles Schwab intends to launch spot trading for Bitcoin and Ethereum within the next year, pending regulatory changes.
Company's Plans for Spot Trading
Charles Schwab CEO Rick Wurster confirmed the firm's intent to offer spot trading of Bitcoin and Ethereum. Currently, Charles Schwab manages $10.7 trillion in assets and provides crypto exposure through futures and ETFs. The shift towards spot trading is driven by growing client demand for digital asset integration.
Competition with Fidelity and Robinhood
Schwab's strategy includes entering a competitive market alongside Robinhood and Fidelity. Direct crypto trading is expected to increase asset flow into Bitcoin and Ethereum, potentially affecting market liquidity. Schwab's Q2 2025 revenue of $5.8 billion showed 25% year-over-year growth, primarily from asset management fees.
Market Impact and Future of Crypto Assets
Schwab aims to serve as a bridge between legacy finance and digital assets, contingent on evolving U.S. regulations. Market experts anticipate increased institutional interest, enhancing on-chain flows of major cryptocurrencies. The introduction of spot trading aligns with a broader industry trend observed in firms like Fidelity and Robinhood, which has already led to increased adoption and asset inflow.
Charles Schwab's entry into spot trading could lead to significant changes in the structure of traditional financial services. It may also result in substantial expansion of Schwab's client base and fee growth.
