Charles Schwab Set to Launch Spot Crypto Trading Within a Year

Charles Schwab, a leading U.S. brokerage managing over $10 trillion in assets, is preparing to introduce spot cryptocurrency trading within the next 12 months, according to CEO Rick Wurster. The announcement, made during the company’s 2025 Spring Business Update, reflects Schwab’s strategic response to growing client interest in digital assets and an evolving regulatory landscape. Wurster emphasized the firm’s commitment to providing a trusted platform for crypto investors, positioning Schwab to compete with platforms like Robinhood and Webull.

The decision follows a surge in engagement with Schwab’s existing crypto related offerings, including crypto linked ETFs, closed-end funds, and Bitcoin futures. Wurster noted a 400% increase in traffic to the company’s crypto focused web content, with 70% of visitors being prospective clients rather than existing ones. This trend underscores the rising demand for accessible and reliable crypto investment options. Wurster highlighted Schwab’s reputation as a trusted brand, stating that it is well-equipped to meet the needs of investors exploring the digital asset market.

Schwab’s move aligns with anticipated regulatory changes, particularly under the current U.S. administration. Wurster first hinted at these plans in a Bloomberg Radio interview last November, expressing optimism about entering the crypto market as regulations become more favorable. The firm’s goal is to enhance liquidity, accessibility, and legitimacy for crypto investors, leveraging its robust infrastructure to deliver a seamless trading experience.

Strategic Partnerships and Market Expansion

Beyond spot crypto trading, Schwab is broadening its fintech footprint through a partnership with Trump Media and Technology Group (TMTG). The collaboration has birthed Truth.Fi, a financial services and fintech brand focused on investment products like ETFs, separately managed accounts, and crypto-related securities. Schwab will provide asset custody and strategic advice for Truth.Fi, which has secured up to $250 million for investments in American growth sectors, including manufacturing and energy, as part of the “Patriot Economy” initiative. This partnership complements Schwab’s broader mission to diversify its offerings and tap into emerging market trends.

By integrating spot crypto trading and forging innovative partnerships, Schwab is positioning itself as a forward-thinking leader in the financial services industry. The firm’s focus on regulatory compliance and client trust ensures it is well-prepared to navigate the complexities of the crypto market. As interest in digital assets continues to grow, Schwab’s entry into spot trading could reshape the competitive landscape, offering investors a reliable and accessible platform to engage with cryptocurrencies.