The new CEO of Charles Schwab, Rick Wurster, announced that the company will have a considerable momentum in the crypto space and has plans to expand its offer. During the 2025 Spring Business Update of the company this weekSchwab revealed that it is switching to spotcrypto -trade, so that customers can buy and sell cryptocurrencies such as Bitcoin and Ethereum directly. This is a major shift in how large financial companies approach digital assets.
Schwab ‘On A Great Path’ to launch space Crypto -trade
Schwab is currently making access to crypto possible via ETFs, closed final funds and futures. Wuster revealed that they are “on a great path” to immediately launch spot crypto -trade the following year. Schwab’s access to the spot market would be an important step, especially because the clarity of the regulations improves. He called the extension a response to the customer’s question and a strategic step to maintain his role as a top destination for retail and institutional crypto investors.
The CEO recently emphasized the growing interest in the Crypto offer from Schwab such as ETFs and Bitcoin -Futures. Rick Wurster became the CEO of Schwab in 2025 and said in an interview in 2024 that the company was ready to offer crypto -trade, but waited for clearer regulations.
Schwab saw a big one 40% jumped in the profit last quarter, Because many investors shifted their portfolios due to market volatility. Wurster suggested that some of those investors might turn to crypto. In particular, there was an increase of 400% in traffic to their crypto site, 70% of which came from non-clients that indicates an increasing public interest.
Wurster noted that the enormous peak in traffic indicates that investors ever hesitate to jump into crypto space, do this now, because of Schwab’s reputation as a trusted financial brand.
“As I have said several times in the past, spotcypto -trading tables will be for every major brokerage,” Nate Geraci, the President of the ETF store, responded to development.
Schwab to become a member of large players
Spotcrypto trade is already offered by large crypto fairs such as Coinbase, Binance, Kraken and Gemini, which lead the space, popular with both retail and institutional users for their deep liquidity, a wide range of trading couples and advanced tools. Moreover, traditional companies also make movements. Fidelity offers Spot Bitcoin and Ethereumhandel, while Robinhood and Etoro Committee make free crypto transactions possible in addition to shares and ETFs.
Earlier this year, Schwab collaborated with Trump Media and Technology Group (TMTG) to launch Truth.fi, a brand ETFs, Bitcoin and other investments. Schwab will manage up to $ 250 million in assets, aimed at the growth of the US and the ‘Patriot economy.
Bitcoin bounces back
Bitcoin rose 0.61% on Saturday 19 April and bounced back from the dip from Friday to $ 85,033. In particular, it remained above $ 85m marking for the first time in a week. The price stimulation comes as global trade tensions and economic uncertainty continue, with recent shifts of the supply request in the BTC higher.
Credit : coinpedia.org
