Charles Schwab Ready To Add Spot Bitcoin, Ethereum Trading Services For Its Clients ‘Sometime Soon’
2025-07-18 20:28:50
Main Idea
Charles Schwab CEO Rick Wurster announced plans to introduce Bitcoin and Ethereum spot trading, foreseeing them as long-term growth catalysts, and is considering issuing its own stablecoin.
Key Points
1. Charles Schwab CEO Rick Wurster announced plans to support Bitcoin (BTC) and Ethereum (ETH) spot trading during a recent earnings call.
2. Schwab reported strong Q2 2025 earnings with $5.8 billion in revenue, a 25% year-over-year increase.
3. Some Schwab clients currently hold crypto at small crypto-native companies but prefer to manage holdings through Schwab.
4. Wurster first teased plans to introduce spot crypto trading in November 2024, awaiting a positive regulatory catalyst.
5. Schwab is considering issuing its own stablecoin or utilizing existing blockchain infrastructure.
Description
The U.S.’s next venerable crypto exchange may have a familiar name. While speaking during a recent earnings call, Charles Schwab CEO Rick Wurster, who stepped into the new role in January, laid out plans to offer direct Bitcoin (BTC) and Ethereum (ETH) spot trading support to the financial services company’s clients “sometime soon”, as first
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