$BTC and $ETH Trading Launch Coming Soon at Charles Schwab


Charles Schwab CEO Rick Wurster has announced spot Bitcoin and Ethereum trading will debut "sometime soon."


Schwab clients already hold over 20% of all crypto exchange-traded products in the industry.


The wealth management giant manages $25 billion in crypto assets within its $10.8 trillion total portfolio.


Clients want to consolidate their crypto holdings from digital native firms back to Schwab's trusted platform.


The bank plans to compete directly against #Coinbase by offering comprehensive spot crypto trading services.


Recent regulatory clarity from the OCC, FDIC, and Federal Reserve enables banks to offer #crypto custody without prior approval.


Wurster noted that 98% of client wealth sits at Schwab while they hold small crypto positions at digital native firms.

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July 21, 2025 at 12:06 AM
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