Charles Schwab is set to offer direct spot trading services for Bitcoin and Ethereum, according to CEO Rick Wurster. Announced during a recent earnings call, the move aims to position BTC and ETH as key growth drivers for the brokerage firm. Schwab reported a robust Q2 2025 with $5.8 billion in revenue, a 25% increase from the previous year. The firm is also exploring the launch of a stablecoin, reflecting its commitment to expanding crypto services.
Currently, Schwab clients can access Bitcoin funds, but direct trading is not available. The introduction of spot trading could enhance institutional adoption, leveraging the momentum from U.S.-listed spot BTC ETFs. Wurster highlighted that many clients prefer consolidating their crypto holdings with Schwab, indicating a strong demand for integrated services.
Charles Schwab to Introduce Spot Bitcoin and Ethereum Trading
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.