Charles Schwab CEO Rick Wurster has announced plans to introduce spot trading for Bitcoin (BTC) and Ethereum (ETH) on the platform, according to BWE News. This move signals a significant step towards wider mainstream adoption of cryptocurrencies within traditional finance. Wurster had hinted at this possibility earlier in April, stating the firm's intention to launch a BTC spot trading service within the coming year. The current announcement suggests an expansion of that initial plan to include Ethereum, the second-largest cryptocurrency by market capitalization. The introduction of spot trading will allow Schwab customers to directly buy and sell BTC and ETH. This contrasts with existing offerings like Bitcoin futures ETFs, which provide indirect exposure. With increased competition in the crypto market, Charles Schwab offering of spot trading can drive more customers to their platform. ```

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