Charles Schwab to Introduce Spot Crypto Trading; Here's When
Charles Schwab is preparing to take a major leap into the world of digital assets. CEO Rick Wurster has announced that the financial giant plans to roll out direct spot cryptocurrency trading within the next year, marking a significant milestone for both the company and the broader crypto industry.
The move comes as the regulatory landscape in the U.S. begins to shift, creating new opportunities for traditional financial institutions to offer crypto services. Once launched, millions of Schwab clients will be able to purchase cryptocurrencies like Bitcoin directly through their brokerage accounts—no third-party apps required.
This long-anticipated development follows Schwab’s previous forays into the crypto space. In 2022, the firm introduced its Crypto Economy ETF, which gave investors exposure to companies positioned to benefit from the rise of digital assets. However, direct access to spot crypto trading had remained out of reach, largely due to regulatory uncertainty.
Now, with clearer guidance emerging, Schwab is ready to expand its offerings. The company, which manages over $7 trillion in assets, is poised to become one of the most influential traditional finance players in the crypto ecosystem.
Analysts have long suggested that Schwab's entry into spot trading could be a game-changer—bringing a wave of legitimacy, liquidity, and mainstream access to digital assets. As the countdown begins, all eyes are on Schwab to see how this bold step will reshape the investing landscape.
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