Charles Schwab CEO Walt Bettinger announced plans to broaden the firm’s digital asset business, emphasizing a targeted expansion into Bitcoin and Ethereum spot trading. The strategy aims to enhance liquidity options and provide institutional-grade market solutions across the cryptocurrency sector.
This initiative underscores Schwab’s commitment to developing more comprehensive cryptocurrency services for its clients. The intensified focus on direct spot trading represents a strategic pivot toward facilitating immediate digital asset transactions, moving beyond derivative-based offerings.
The expansion will cater to growing institutional demand by integrating regulated, transparent trading mechanisms. This approach seeks to establish Schwab as a key infrastructure provider for professional investors engaging with core cryptocurrency markets through trusted custodial services.