Charles Schwab Enters Cryptocurrency Market

As the Bitcoin and cryptocurrency markets continue to develop, the world’s largest asset managers are getting involved one by one.

The latest news comes from Charles Schwab, which manages $10.1 trillion in customer assets and is one of the largest banks globally.

Charles Schwab announced that it will begin offering spot trading services for Bitcoin (BTC) and Ethereum (ETH).

According to BWE News, Charles Schwab CEO Rick Wurster stated they will introduce spot trading for Bitcoin and Ethereum within the next 12 months.

> “We plan to add spot trading for Bitcoin and Ethereum to our platform.”

No timeline or further details regarding the commencement of BTC and ETH spot trading were provided.

When Charles Schwab’s CEO took over at the end of 2024, he stated the firm planned to expand its cryptocurrency services.

*This is not investment advice.