Charles Schwab is preparing to launch Bitcoin trading
Date: 2025-04-21 Author: Oliver Abernathy Categories: BUSINESS
The American corporation Charles Schwab, which manages assets worth more than $10 trillion, announced its intention to begin providing its clients with spot bitcoin trading services. The launch is expected to take place by April 2026.
The head of the company, Rick Wurster, said that interest in digital assets from clients has increased significantly. In particular, in recent months, there has been a fivefold increase in traffic to the cryptocurrency section of the Charles Schwab website. This allowed the management to conclude that demand is growing and prepare plans to enter the digital currency market.
“Thanks to changes in regulation, we expect to begin providing spot cryptocurrency trading services within the next 12 months. We are confidently moving in this direction,” Wurster said.
Discussions about the company's participation in the crypto market began back in November last year. At the time, Wurster said that Charles Schwab was considering entering the digital asset market if the right conditions were in place from regulators. He said that Donald Trump’s reelection could be a turning point, as his administration would likely pursue a more favorable policy towards cryptocurrencies.
In fact, Charles Schwab already has some experience in the digital space. In January 2025, the company began collaborating with Trump Media and Technology Group to develop cryptocurrency services and exchange-traded funds that will be integrated into the Truth.Fi platform, scheduled to launch this year.
In addition, Charles Schwab has invested $250 million in a new Trump-related platform to expand its investment portfolio and strengthen its presence in the digital asset space.
Thus, amid growing interest from clients and potential changes in legislation, the company is making confident steps towards the cryptocurrency sector, striving to take a stable position in it.
