Schwab to Launch Spot Bitcoin, ETH 🚀
Charles Schwab CEO Rick Wurster announced that the firm will roll out spot BTC and ETH trading "sometime soon," viewing it as a major growth area. Wurster emphasized that Schwab clients already hold over 20% of all crypto ETFs in the industry.
> Wurster also says that their clients are eager to consolidate crypto holdings from "digital native" platforms under Schwab's management.
> The move follows the relaxation of crypto restrictions by US banking regulators in 2025, allowing institutions to offer crypto services without prior approval.
> Schwab already provides access to Bitcoin and Ether ETFs, crypto-themed mutual funds, and Bitcoin options.
> The firm currently manages $10.8T in assets, with crypto making up around $25B of that.
> Wurster said Schwab aims to compete directly with exchanges like Coinbase by giving clients a trusted platform to buy and custody crypto assets.
Read More Here:

2.69K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.