Charles Schwab is preparing to launch direct cryptocurrency trading services for Bitcoin and Ethereum, aiming to integrate financial and crypto assets on the same trusted platform.
This comes in the context of increasingly clearer cryptocurrency regulations, with many institutional investors looking to expand their asset allocations into crypto, with Schwab aiming to tap into this market potential.
MAIN CONTENT
Schwab is about to offer spot cryptocurrency trading for Bitcoin and Ethereum.
This move aims to compete directly with leading cryptocurrency exchanges and make it easier for customers to manage diverse assets.
The proportion of institutional investors in cryptocurrencies is rapidly increasing, with stablecoins and altcoins also receiving attention.
What is Schwab about to launch regarding direct Bitcoin and Ethereum trading?
CEO Rick Wurster of Charles Schwab confirms that the company will soon open direct trading for Bitcoin and Ethereum, a step that allows customers to easily trade spot coins on a reputable platform.
Mr. Wurster stated that Schwab customers own more than 20% of the total market share of exchange-traded products (ETP), with a total crypto value of approximately $25 billion out of total assets of $10.8 trillion. Offering spot trading will help leverage expansion opportunities and provide convenience for investors.
"Integrating Bitcoin and Ethereum trading will help customers manage their entire portfolio of assets including stocks, bonds, and cryptocurrencies in a single, secure system."
Rick Wurster, CEO of Charles Schwab, 2025
How does Schwab compete with current cryptocurrency exchanges?
Schwab aims to directly compete with platforms like Coinbase by adding spot trading for Bitcoin and Ethereum to its existing services, including ETFs and derivatives.
Currently, Schwab customers hold 98% of their assets on this platform but still keep a small portion of crypto on other exchanges. Schwab wants customers to see all financial assets in a single dashboard, enhancing utility and security.
Why are institutional investors increasing allocations to cryptocurrencies?
A 2025 study from EY-Parthenon and Coinbase shows that 83% of institutional investors plan to increase investments in cryptocurrencies, with altcoins like XRP and Solana becoming the primary choices.
According to a report from Fireblocks, 90% of institutions are using or testing stablecoins, showing a trend of transitioning cryptocurrency investments from the experimental stage to standard in the portfolio.
"Cryptocurrency allocation in institutional portfolios is no longer a risky trend, but is becoming the new standard in the financial industry."
Analysis EY-Parthenon & Coinbase, 2025
Schwab's business efficiency is growing as it enters the cryptocurrency market.
In the last quarter, despite a slight decline in global cryptocurrency trading, Charles Schwab still achieved a 60% increase in profits, earnings per share reaching $1.14, customer assets rising 14% to $10.76 trillion, and trading revenue increasing 23% to $952 million.
These figures show that Schwab does not view crypto merely as an ancillary service, but as part of a long-term growth strategy, leveraging the increasingly expanding cryptocurrency market.
Frequently Asked Questions
1. When will Schwab launch direct trading for Bitcoin and Ethereum?
CEO Rick Wurster only confirmed that it will launch 'soon', without announcing a specific date; however, positive signals from regulations and the market suggest the possibility in 2025.
2. How will Schwab compete with existing cryptocurrency exchanges?
Schwab leverages a comprehensive financial platform, helping customers manage diverse assets within a single ecosystem, from stocks to cryptocurrencies, creating convenience and security.
3. Why are institutional investors more interested in altcoins and stablecoins?
Research shows that altcoins like XRP and Solana are favored due to their diverse profit potential, while stablecoins ensure stability, supporting effective trading and asset storage.
4. What are Schwab's financial figures for the most recent quarter?
Schwab reports a 60% increase in profits, EPS reaching $1.14, customer assets rising to $10.76 trillion, and trading revenue increasing by 23%, despite the global decline in crypto trading.
5. How do cryptocurrency regulations in the United States affect Schwab's plans?
The GENIUS law along with flexible adjustments from regulatory agencies facilitates Schwab's implementation of direct cryptocurrency trading services, enhancing reliability and safety for customers.
Source: https://tintucbitcoin.com/charles-schwab-ra-mat-giao-dich-spot/
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